Press Digest: British Business - March 21

Scottish Mortgage Investment Trust

21/03/2023 24:58

March 20 (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
    
     - Scottish Mortgage Investment Trust  SMT.L  has been
guilty of governance violations going back months, according to
a rebel director at the centre of a board bust-up at the FTSE
100 investment company.
    
    The Guardian
    
    - Rail workers at Britain's RMT trade union have voted to
accept an improved pay offer from Network Rail, the union said
on Monday.
    - Derby is to be named as the new headquarters of Britain's
rail network by ministers this week, the Guardian understands.
        
    The Telegraph
    
    - The Bank of England has attempted to reassure debt
investors after the rescue of Credit Suisse Group AG  CSGN.S 
triggered heavy losses and stoked fears of collateral damage to
other banks.
    
    Sky News
    
    - Credit Suisse Group AG  CSGN.S  has told its staff that
there is "no immediate change" to their jobs and it plans to
complete bonus payments ahead of the bank's forced takeover by
its larger domestic rival UBS Group AG  UBSG.S .
    - The Treasury will publish a call for evidence in the
coming days about overhauling the Senior Managers and
Certification Regime (SMCR) to streamline the process for
regulating top industry executives.
    
    The Independent
    
    - Britain's banking system remains "safe", Downing Street
insisted on Monday amid turmoil on the FTSE100  .FTSE  
following the emergency rescue deal for Credit Suisse Group AG
 CSGN.S .
    - Oil and gas operators in the North Sea are being warned of
a "tsunami" of industrial unrest after Unite said around 1,400
of its members in a number of companies operating in the UK
Continental Shelf (UKCS) are involved in the dispute.
    

 (Compiled by Bengaluru newsroom)
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