October 1, 2014 / 12:27 AM / 3 years ago

PRESS DIGEST- British Business - Oct 1

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 warplanes launched their first air strikes at Islamic State targets in Iraq as the air campaign against the jihadists intensified. Two Tornados fired a precision-guided bomb and a missile in support of Kurdish forces who are fighting Islamist militants in the northwest of the country. (thetim.es/1pEIlHD)

Consumers have been warned that they may have to pay annual charges on debit and credit cards, as EU regulations threaten to end free banking in Britain. Economists fear that bank customers could also be charged to use cash machines and hold current accounts if plans to impose caps on the fees that card companies impose on retailers go ahead. (thetim.es/1mNo4EQ)

The Guardian

David Cameron will on Wednesday try to prevent the health service becoming Labour's election-winning weapon when he guarantees that a majority Conservative government will protect the English NHS budget in real terms from 2015 to 2020. (bit.ly/1nHy6rH)

The wife of the Manchester taxi driver held hostage by Islamic State militants has begged the group to spare his life and allow him to return to his family. The emotional televised appeal by Barbara Henning was arranged by the Foreign Office on Tuesday, shortly before the Ministry of Defence announced that RAF aircraft had bombed Isis targets for the first time. (bit.ly/1wVOTYd)

The Telegraph

Magic 105.4 Radio DJ Dr Fox has been arrested on suspicion of historic sex assaults against two women, just after coming off-air from his radio show. The 53 year-old was detained at the station's central London studios, where he was presenting his daily breakfast show, just after coming off-air at 10 am on Tuesday. He remained in custody until being bailed late on Tuesday. (bit.ly/1Bz4lKq)

The United Kingdom is 1,000 times more important than the European Union, Britain Prime Minister David Cameron has said. He added that he would not be heartbroken if Britain left the EU and the referendum on membership was a matter of "pragmatism". (bit.ly/1rJIsXZ)

Sky News

A 15-year-old British girl thought to be trying to join militants in Syria may have been radicalised online, according to family friends. The girl from Bristol is believed to have met up with a 17-year-old girl from London and travelled to Turkey, where they are trying to cross the border into Syria. (bit.ly/1vsWhJs)

Spending on illegal drugs and prostitution was worth an estimated 12.3 billion pounds ($19.9 billion) to the UK economy last year, according to figures from the Office of National Statistics. (bit.ly/ZpuJLc)

The Independent

Olive oil could help reverse a patient's heart failure "immediately", scientists have claimed. Oleate - the fat found in the golden liquid - could help a diseased heart pump blood more effectively and use body fat as fuel, researchers at the University of Illinois have found. (ind.pn/1uz2Zk7)

A British student found dead in Thailand was raped by two men while another watched before she was murdered, police have said. No suspects have yet been arrested for killing Hannah Witheridge, 23, and 24-year-old David Miller but three people are believed to be involved. (ind.pn/1rrTstT)

1 US dollar = 0.6167 British pound Compiled by Ankush Sharma in Bangalore; Editing by Subhranshu Sahu

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