PRESS DIGEST-British Business - February 17

Reuters
02/17
PRESS DIGEST-British Business - February 17

Feb 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

The private equity owner of Boots is looking at some of Morrisons' unwanted pharmacies as it considers expansion before a potential stock market floatation.

The Guardian

UK bank bosses will hold their first meeting to establish a national alternative to Visa V.N and Mastercard MA.N amid growing fears over Donald Trump's ability to turn off U.S.-owned payment systems.

A partner at the consultancy KPMG has been fined for using artificial intelligence to cheat during an internal training course on AI.

The Telegraph

Sony 6758.T is poised to delay the launch of its latest PlayStation console amid a shortage of memory chips caused by the artificial intelligence boom.

Sky News

SatVu, a British start-up that uses thermal imaging to detect heat loss from buildings anywhere on Earth, will announce this week a 30 million pound ($40.85 million) capital injection, which includes NATO's Innovation Fund.

Rosebank Industries ROSE.L is in talks to buy two of private equity firm American Securities' portfolio companies: CPM and MW Industries.

The Independent

U.S. owner Carlyle CG.O has supported a fresh refinancing programme at online retailer Very to cut its debts by 150 million pounds ($204.23 million).

Insurance giant Zurich ZURN.S has been granted more time to decide whether it will make a formal offer to buy London-listed rival Beazley BEZG.L.

($1 = 0.7345 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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