* SVB: A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward as British PM Rishi Sunak said his government was working to limit any fallout for companies from the bank's demise.
*HSBC: HSBC Holdings has emerged as a potential
bidder for Silicon Valley Bank UK, SVB's subsidiary, as the
British government races to secure an 11th-hour rescue, said a
Sky News reporter.
* BANK OF LONDON: Bank of London has tabled an offer to
Silicon Valley Bank UK, SVB's subsidiary, adding that it had
sent the proposals to British authorities, including the
Treasury and the Bank of England.
* PENSION FUNDS: Two of the UK's largest pension schemes
will vote against the renewal of top directors at BP Plc and Shell Plc at their annual meetings unless both
companies strengthen commitments to tackling carbon emissions,
the Financial Times reported.
* TRADE UNION: Two British trade unions lost a legal
challenge to changes to public sector pensions they argue allows
the government to unlawfully pass the 19-billion-pound cost of
discriminatory pension reforms onto workers.
* London's blue-chip FTSE 100 index ended lower on Friday as
UK lenders fell 4% in a global banking sector selloff and
uncertainty on the outlook for interest rates further weighed on
sentiment.
* UK CORPORATE DIARY:
Phoenix FY Results
Group
Direct FY Preliminary
Line Group Results
* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines ($1 = 0.8255 pounds) (Reporting by Anchal Rana in Bengaluru)
