PRESS DIGEST-British Business - March 21

Kitco Media
By Reuters
Published:
Updated:
Reuters
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 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 triggered heavy losses and stoked fears of collateral damage to other banks.


Sky News


- Credit Suisse Group AG 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 . - 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 following the emergency rescue deal for Credit Suisse Group AG . - 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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