Press Digest: British Business - March 23

Cenkos Securities

22/03/2023 23:59

March 23 (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
    
    - British Prime Minister Rishi Sunak has earned almost 5
million  pounds ($6.13 million) in the past three years,
according to a summary tax return released today.
    
    The Guardian
    
    - The Swiss pharmaceutical firm Novartis  NOVN.S  has
ditched plans for a large clinical trial in the UK, in a further
blow to the government's efforts to make Britain an attractive
place for research and investment after Brexit.
    
    - Chris O'Shea, CEO of British Gas owner Centrica  CNA.L 
has angered consumer groups by accepting a 4.5 million poundspay
packet, including bonus payouts totalling 3.7 million pounds,
despite an investigation into the treatment of vulnerable
customers.
        
    The Telegraph
    
    - Bank of England Governor Andrew Bailey has criticised the
US government's decision to bail out Silicon Valley Bank
depositors, saying the blanket guarantee increased the risk of
"moral hazard" in the banking industry. 
    
    Sky News
    
     - British railway workers' trade union RMT has suspended
plans for rail strikes on March 30 and April 1.
    
    - Cenkos Securities  CNKS.L  and finnCap Group  FCAP.L , the
London-listed brokers, are in advanced talks to merge in an
all-share deal that will create the City's biggest dedicated
investment bank serving small-cap growth companies.
    
    The Independent
    
    - Amazon.com INC  AMZN.O  has announced it is increasing the
base pay for its British workers from the start of next month
when minimum wage laws change in the UK.
    
    


($1 = 0.8153 pounds)

 (Compiled by Bengaluru newsroom)
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