PRESS DIGEST- British Business - Sept. 29
Sept 29 (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.
BlackBerry Ltd said that it would no longer develop its own hardware, outsourcing the work to Indonesia. The announcement marked the end for a device that sparked a revolution in mobile working. (bit.ly/2dsDbRl)
Deutsche Post DHL unwrapped a £242.7 million ($316.38 million) deal for UK Mail yesterday and thereby greatly expanded the German company's British network. (bit.ly/2dsDDiH)
Tidjane Thiam, chief executive of Credit Suisse, said the banking sector is "not really investable" and warned about the problems plaguing the sector as the focus remained on Deutsche Bank's battle to reduce a $14billion penalty from U.S. authorities. (bit.ly/2d81clL) Continued...