Press Digest: British Business - March 23

MccollS Retail

23/03/2022 24:49

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
    The UK government is drawing up contingency plans for the
potential collapse of Russian state-owned energy firm Gazprom's
 GAZP.MM  London-based global energy trading business, amid
fears it could cause chaos across gas and power markets.
bit.ly/3tu9vfV
 
    The housebuilding industry has written to Michael Gove after
the housing secretary described leading developers as a "cartel"
and criticised their approach to protecting the environment.
bit.ly/3tvSJge
    
    The Guardian
    Ferry operator P&O has revealed it is paying 36.5 million
pounds ($48.41 million) to cover compensation for the 800
seafarers it sacked without warning. bit.ly/3qrsKow
    
    Energy companies are using unfair and potentially illegal
tactics to secure cash at the expense of their customers in UK
amid the energy crisis, the consumer expert Martin Lewis told
British MPs. bit.ly/3IvdXPJ
        
    The Telegraph
    Richard Buxton of Jupiter Asset Management  JUP.L  has
accused City investors of "sleepwalking us into an energy
crisis" by refusing to back North Sea oil on so-called ethical
grounds. bit.ly/3qsJXOk
    
    UK Prime Minister Boris Johnson is facing a Cabinet split
over an attempt to tear up planning rules that prohibit new
onshore wind farms as he seeks to wean Britain off expensive oil
and gas. bit.ly/3ur9Nnc
    
    Sky News
    WM Morrison, the privately owned supermarket chain, has
drafted in City advisers as it considers how to contend with the
financial struggles of its convenience store partner, McColl's
Retail Group  MCLSM.L . bit.ly/3NaH2U9
    
    National Lottery operator Camelot has been fined 3.15
million pounds for three technical glitches on its mobile app
which affected tens of thousands of players. bit.ly/3DbSFWs
    
    The Independent
    Energy company Shell  SHEL.L  is reconsidering its decision
to pull out of the controversial Cambo oilfield, according to
reports. bit.ly/36pE0uy    

($1 = 0.7539 pounds)

 (Compiled by Bengaluru newsroom)
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