British Business - Sept 7



Sept 7 (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

Britain could rival Taiwan with the next generation of computer chips if it is given the right investment, the boss of semiconductor manufacturer IQE Plc IQE.L said. Link

The board of Capricorn Energy Plc CNE.L is considering alternatives to a takeover proposal from Tullow Oil Plc TLW.L , the company said . Link

The Guardian

British Prime Minister Liz Truss is expected to announce plans to freeze energy bills at about 2,500 pounds ($2,875.50) a year – but is unlikely to claw back the cost through customers' future bills, leaving the taxpayer to pick it up instead. Link

American streaming services such as Netflix NFLX.O and Amazon.com Inc's AMZN.O Prime Video cut the amount they spent on British-made shows for the first time last year, as the UK's traditional broadcasters invested a record amount in a fightback against the global streamers. Link

The Telegraph

British Prime Minister Liz Truss on Tuesday appointed Therese Coffey as Deputy Prime Minister, James Cleverly was made Foreign Secretary and Suella Braverman became Home Secretary. Link

Sky News

Britain's new finance minister Kwasi Kwarteng has convened a meeting with the chief executives of lenders including Barclays, Lloyds Banking Group Plc LLOY.L and NatWest Group Plc NWG.L just hours after being appointed to the post. Link

Hundreds of jobs have been put at risk after NatWest Group-backed roofing services company Avonside Group collapsed into insolvency proceedings. Link

The Independent

Liz Truss is said to be preparing a 40 billion pound support package to cut British businesses' soaring energy bills in one of her first acts as prime minister. Link ($1 = 0.8694 pounds) (Compiled by Bengaluru newsroom)

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