PRESS DIGEST-British Business - March 2

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 2 (Reuters) - 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 former UK prime minister Boris Johnson will raise concerns about Rishi Sunak's Brexit deal in his first public intervention since it was announced earlier this week.


- UK MPs have criticised Barclays , HSBC , Lloyds Banking Group and NatWest Group , UK’s four largest banks for failing to pass higher interest rates on to savers.


The Guardian -British house prices last month dropped in annual terms for the first time in nearly three years, falling by 1.1% compared with February 2022, mortgage lender Nationwide said on Wednesday, adding to signs of a slowdown in the housing market. -Jaguar Land Rover's owner, Tata Motors has reportedly asked the UK government for more than £500m in state subsidies to build a battery factory in Somerset, in a move seen as crucial to the future of the British car industry.



The Telegraph - Bank of England Governor Andrew Bailey said on Wednesday that nothing had been decided in terms of whether interest rates would need to rise again. -British technology giant Arm will list its shares in U.S. instead of UK, in a blow to Prime Minister Rishi Sunak's attempt to convince high-tech companies to go public in Britain.


Sky News - Prince Harry and his wife Meghan have been asked to vacate Frogmore Cottage, the house within the grounds of King Charles's Windsor Castle estate they use when in Britain, a spokesperson for the couple said.


- Australian investment bank Macquarie Group Ltd is at the early stages of exploring a takeover bid of over 5 billion pounds ($6.00 billion) for British money manager M&G .



(Compiled by Bengaluru newsroom)

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