Press Digest: British Business - March 13

Virgin Money UK

13/03/2024 24:13

March 13 (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
    - Xlinks, the company behind a multi billion-pound project
to export power from Morocco, is considering an option to
transmit electricity to Germany instead of Britain.
    - Qube Research & Technologies, a hedge fund, has amassed a
bet worth almost 200 million pounds ($255.84 million) against
shares in Barclays  BARC.L  despite a recent rally in the bank's
stock price. 
    
    
    The Guardian
    - Banking bosses at Virgin Money  VMUK.L  are in line for a
6 million pounds windfall if Nationwide Building Society pushes
ahead with a proposed takeover of the lender. 
    - The Serious Fraud Office has raided two sites and made
three arrests as part of a new investigation into an alleged 76
million pound fraud around investments into luxury care homes.
        
    The Telegraph
    - Nord Stream is suing insurers including Lloyd's of London
for more than 400 million euros ($437.08 million) over
explosions that tore apart pipelines used to transport Russian
gas to Europe.
    - Under NHS rules that come into effect immediately said
that children will be banned from receiving puberty blockers on
prescription, only children under-18 will now be able to take
the controversial drugs as part of a clinical trial set to start
at the end of this year.
    
    Sky News
   -  UK Foreign Secretary David Cameron has urged Israel to
open one of its ports to allow aid arriving by sea to get
through to Gaza.
    - UK Prime Minister Rishi Sunak had a private meeting with
the chairman of the 1922 backbench committee on Monday, which
comes amid concerns from growing numbers of MPs at the direction
of the Tory party.
    
    The Independent
    - Under a new scheme drawn up by Rishi Sunak's  government,
people whose asylum claims have been rejected in Britain are
being offered thousands of pounds to move to Rwanda.  
    
    
    ($1 = 0.7817 pounds)
    ($1 = 0.9152 euros)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))