Press Digest: British Business - March 16

Thomas Cook (India)

16/03/2023 01:26

March 16 (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
    
    - Britain's John Lewis Partnership named Nish Kankiwala as
its chief executive, creating a new role to drive profitability
at the employee-owned retailer, which is led by chairman Sharon
White.
    
    - British Prime Minister Rishi Sunak's pledge to reduce
overall immigration is on course to fail after the government's
budget watchdog, the Office for Budget Responsibility, upgraded
its forecast to predict that net migration will settle at
245,000 a year in the long term.
    
    The Guardian
    
    - Sheikh Jassim bin Hamad al-Thani is emerging as the
favourite to buy Manchester United  MANU.N  ahead of Sir Jim
Ratcliffe, with each party due to hold its first face-to-face
meeting with the club executive this week.
    
    - The UK government is to invest 900 million pound in a
cutting-edge supercomputer as part of an artificial intelligence
strategy that includes ensuring the country can build its own
"BritGPT".
           
    The Telegraph
    
    - The Bank of England was holding emergency talks with
international counterparts on Wednesday amid rising alarm at a
potential financial disaster at Credit Suisse  CSGN.S , one of
Europe's biggest banks. 
    
    - Britain is prepared to consider leaving the European
Convention on Human Rights (ECHR) if Strasbourg judges block the
Government's plans to crack down on illegal migration, Dominic
Raab has warned.
    
    Sky News
    
    - The chief executive of Silicon Valley Bank's  SIVB.O  UK
arm Erin Platts has abandoned plans to leave the role following
its £1 rescue takeover by HSBC.
    
    - Trustees of the Thomas Cook  THOM.NS  pension scheme are
plotting an 850 million pound pensions deal with UK's Aviva
 AV.L  that will guarantee retirement payments to thousands of
former workers at the collapsed tour operator.
    
    The Independent
    
    - UK's Jeremy Hunt has vowed he would fill Britain's more
than one million job vacancies, while refusing to commit to tax
cuts ahead of the next general election.
    
    - British and German air force fighter jets were scrambled
to intercept a Russian aircraft flying close to Estonian
airspace, the U.K. Defense Ministry said Wednesday. 
    

 (Compiled by Bengaluru newsroom)
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