PRESS DIGEST-British Business - July 20

Richtech Robotics Inc. Class B
Clear Secure, Inc. Class A
Boeing Company

Richtech Robotics Inc. Class B

RR

0.00

Clear Secure, Inc. Class A

YOU

0.00

Boeing Company

BA

0.00

- 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

- Boeing BA.N has signalled it will commit to building training jets and sophisticated aerial drones in Britain to win contracts from the Ministry of Defence.


- China’s Jingye Steel has called for the UK government to offer compensation for investment losses in British Steel after ministers brought the troubled steelmaker back into public ownership.

The Guardian

- Rolls-Royce RR.L said it has largely overcome the durability problems that plagued its Trent aircraft engines in recent years.

The Telegraph

- Britain's next leader Andy Burnham's plan to gut the government department leading the country's AI strategy has prompted a fierce backlash from the tech industry.

- Thames Water's creditors have signalled they are open to part-government ownership of the struggling utility for the first time in nearly 40 years as they seek to fend off nationalisation under Andy Burnham.

Sky News

- Members of the London & Valley Water consortium have engaged litigation specialists Pallas Partners to prepare a legal challenge if incoming PM Andy Burnham forces Thames Water into public ownership.


- British polling firm YouGov YOU.L is considering Wayne Levings, the former head of market research firm Kantar's operations, as one of the candidates to succeed co-founder and interim Chief Executive Officer Stephan Shakespeare.