British Business - October 3

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

- OpenAI has overtaken Elon Musk’s SpaceX as the world’s most valuable start-up after the artificial intelligence startup allowed current and former employees to sell about $6.6 billion of their stock in a secondary share sale.

- Real estate investment trust Fermi FFRMI started by Rick Perry, who served in the first Trump administration, lists in London a day after its successful Nasdaq debut.

The Guardian

- Senior creditors of Thames Water presented their plan to fix the company's finances and stop the utility from being nationalised, proposing that 7.5 billion pounds ($10 billion) of debt be written off.

- Ryanair 0RYA could cancel up to 600 flights a day next week due to French air traffic control (ATC) strikes.

The Telegraph

- Journalists at The Mirror are poised to strike after they warned artificial intelligence was behind a looming round of job cuts.

Sky News

- Pressure is mounting on ministers to give help to companies in Jaguar Land Rover's supply chain as many of those who don't deal with the carmaker directly have received no cash during the crisis to date.

The Independent

- British water utility Pennon Group PNN named Affinity Water CEO Keith Haslett as its new chief executive, bringing in an industry veteran to steer the company through its transformation.

- Lloyds Banking Group LLOY will take control of Schroders' SDR 49.9% stake in their wealth management joint venture after the business missed growth targets.