PRESS DIGEST-British Business - March 25

Reuters03-25
PRESS DIGEST-British Business - March 25

March 25 (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

- The CEO of British Gas owner Centrica CNA.L said that expectations of "mass migration to windy places" was not realistic in response to zonal electricity pricing proposals championed by rival Octopus Energy.

- The board of UK-based Celadon Pharmaceuticals CEL.L, which is focused on the production and sale of cannabis-based medicines, has resigned after losing a battle with the company's founder over a planned de-listing.

The Guardian

- Thousands of jobs could be cut as part of the government's planned shake-up of Britain's railway industry, with state-owned Great British Railways set to run the railway and take every train operator into public ownership as existing contracts expire.

The Telegraph

- British supermarket Morrisons on Monday said about 365 employees could lose their jobs as part of a reduction of store operations aimed at offsetting what it called "significant cost increases".

- Britain's tax authority HM Revenue and Customs could be forced to repay Uber UBER.N 1.3 billion pounds ($1.68 billion)after losing a key court battle over attempts to charge VAT on minicab fares.

Sky News

- A body representing more than 90 airlines using Heathrow Airport has threatened to take legal action if a settlement over the costs they incurred from Friday's day-long closure is not reached.

($1 = 0.7743 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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