PRESS DIGEST-British Business - July 11

July 11 (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

- Ministers are spending more than half a million pounds a day on keeping thousands of empty hotel beds reserved for migrants as a "buffer" to prevent overcrowding at processing centres.

- DWF Group said it was in discussions for a sale with Inflexion, a London-based private equity firm.

The Guardian

- The Bank of England governor has signalled further interest rate pain is in store for mortgage holders and businesses as he said Threadneedle Street had to "see the job through" on reducing inflation

- U.S. President Joe Biden and King Charles have held a meeting on how to tackle the climate emergency, after the U.S. president earlier discussed Ukraine's counteroffensive with UK prime minsiter Rishi Sunak in Downing Street.

The Telegraph

- UK's prime minister Rishi Sunak is considering reshuffling his Cabinet in September rather than later this month after senior ministers pushed for a delay.

- Thames Water has been handed a 750 million pounds ($964.73 million) lifeline in its battle to avoid nationalisation but has fallen short of its 1 billion pounds ($1.29 billion) fundraising target.

Sky News

- UK's prime minister Rishi Sunak will call on the UK's NATO allies to commit to spending a minimum of 2% of their GDP on defence as he attends an alliance summit in Lithuania.

- Pension Superfund Capital, a vehicle controlled by Edi Truell, is among a number of parties to have approached AIM-listed STM Group about a takeover

The Independent

- EasyJet cancelled 1,700 summer flights as it battles delays at its main base, London Gatwick.

- UK's trade union Unite has voted to maintain its links with Labour – as its chief warned party leader Sir Keir Starmer to listen to the union's demands amid a rift between the two organisations.

($1 = 0.7774 pounds) (Compiled by Bengaluru newsroom)

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