August 22, 2019 / 1:21 AM / 6 months ago

PRESS DIGEST- British Business - Aug 22

Aug 22 (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

- German Chancellor Angela Merkel has challenged British Prime Minister Boris Johnson to come up with an alternative to the Irish backstop within 30 days as she suggested that a Brexit deal is "possible".

- Easyhotel Plc has been taken over by a consortium of investors for 139 million pounds ($168.59 million) despite protests from the founder that the offer was "very low".

The Guardian

- Ryanair Holdings Plc has failed in a legal effort to prevent a 48-hour strike by British pilots in the run-up to the bank holiday weekend, but claimed passengers were unlikely to be affected because it could still run a full schedule on both days.

- National Grid Plc has been working on a series of software agreements with companies to safeguard the system including General Electric Co to replace its spreadsheet models, which provide estimates of the grid's stability.

The Telegraph

- Retail property developer Hammerson Plc has named James Lenton as the new finance chief after coming under pressure from activist investor Elliott to sell assets more quickly.

- The co-founder of Google's London-based artificial intelligence lab DeepMind, Mustafa Suleyman, has been placed on leave amid controversy over some of the company's work.

Sky News

- Britain's Department for Transport formally announced a "rigorous" inquiry into the high-speed rail link HS2, which will "inform the government's decisions on next steps for the project".

- Ken Hanna, a finance veteran and current chairman of temporary power provider Aggreko Plc, is in talks to become a non-executive director of Interserve Plc.

The Independent

- National Health Service chiefs have been ordered to repeat Boris Johnson's claim that a no-deal Brexit must be carried out in October if necessary, in a controversial government memo.

$1 = 0.8245 pounds Compiled by Bengaluru newsroom; Editing by Sandra Maler

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