British Business - September 19

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 food delivery firm Deliveroo (ROO.L) said founder and CEO Will Shu will step down once its takeover by U.S. rival DoorDash takes effect.

- Octopus Energy said it would spin its technology arm Kraken Technologies off and named Tim Wan as the newly separated company's chief financial officer, as Britain largest electricity supplier focuses on its core operations.

The Guardian

- The UK is preparing to recognise the state of Palestine as early as Friday, after Israel failed to meet conditions that would have postponed the historic step, including a ceasefire in Gaza.

The Telegraph

- U.S. President Donald Trump has urged Keir Starmer to consider calling in the military to stop small boat crossings uring a joint press conference at the British Prime Minister's country residence.

- Webasto, a British manufacturer that supplies glass roofs to Jaguar Land Rover, has been forced to halt factory operations and begin laying off staff as the impact of a cyber attack grows.

Sky News

- A former boss of one of Britain's oldest business groups has been banned from holding company directorships for 11 years after abusing a state-backed emergency loan scheme for businesses struggling during the COVID pandemic.

- A former boss of Centrica CNA, Iain Conn, the owner of British Gas, is among the candidates being considered to chair IP Group IPO, the early-stage science investor.