PRESS DIGEST-British Business - July 22

Richtech Robotics Inc. Class B
Eli Lilly and Company
AAR CORP.
METRO ONE DEVELOPMENT INC

Richtech Robotics Inc. Class B

RR

0.00

Eli Lilly and Company

LLY

0.00

AAR CORP.

AIR

0.00

METRO ONE DEVELOPMENT INC

MTRO

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

- British Prime Minister Andy Burnham's government has been told by Rolls-Royce RR.L that it needs a decision "as soon as possible" on financial support to develop its re-entry into the narrowbody passenger aircraft engine market, or will go "elsewhere" to manufacture them.

- British outsourcer OCS Group International will buy listed rival Mitie MTO.L for £3.1 billion ($4.15 billion), forming a facilities management firm positioned to tap booming demand for AI-driven infrastructure services.

The Guardian

- Airbus AIR.PA has said it will test folding wings for the next generation of its bestselling planes, as the planemaker races to work out the shape of future commercial aircraft by the end of the decade.

- Ozempic maker Novo Nordisk NOVOb.CO said it is suing rival Eli Lilly LLY.N over "false and materially misleading" adverts for its competing weight-loss and anti-diabetes treatments.

The Telegraph

- British Prime Minister Andy Burnham is expected to announce a £1 billion raid on Amazon AMZN.O and Asos ASOS.L to pay for a pubs tax break.

- Thames Water's senior creditors said they were working on a materially improved rescue deal, which could include a 'golden share' for government, to try to avoid the water company being taken into public ownership by Britain's new prime minister.

Sky News

- Amazon founder Jeff Bezos has been approached to join a consortium which is in talks to buy a stake in Liverpool Football Club.

- Britain's Metro Bank MTRO.L is exploring a £2 billion merger with rival lender Aldermore, which was put up for sale by South Africa's FirstRand FSRJ.J following the motor finance mis-selling scandal.

The Independent

- Britain's Ocado OCDO.L said it would build a large robotic warehouse for a fast-growing European national retailer that it did not name, providing a boost to its embattled technology solutions business.

($1 = 0.7474 pounds)