PRESS DIGEST-British Business - March 6

Reuters11:17
PRESS DIGEST-British Business - March 6

March 6 (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

- Greg Abel, the chief executive of Berkshire Hathaway BRKa.N and successor to Warren Buffett, has pledged to use all of his annual salary to buy the company’s stock for as long as he is in the role.

- The Competition and Markets Authority has begun a review of the 8 billion pound ($10.69 billion) private dentistry, looking at both essential care and cosmetic treatments, after an increase in the number of patients using private care and difficulties accessing NHS treatment.

The Guardian

- Japanese carmaker Nissan 7201.T has reportedly said it could be forced to close its plant in Sunderland if the UK is not fully included in new “Made in Europe” manufacturing rules proposed by the European Union.

- GSK GSK.L awarded Emma Walmsley a near-50% pay rise to 15.6 million pounds in her final year as chief executive of Britain’s second-biggest drugmaker.

The Telegraph

- Britain's Revolut applied for a U.S. bank charter and appointed former Visa V.N executive Cetin Duransoy as its new CEO for the United States, the fintech company announced on Thursday.

- ITV ITV.L is still "actively engaged" in talks to sell its broadcast unit to Sky, Chief Executive Carolyn McCall said, adding that an early leak about the deal was not that long ago.

Sky News

- Watchdog Ofwat has proposed a 22 million pound fine for Britain's South East Water for repeated supply failures in Kent and Sussex between 2020 and 2023, which affected more than 286,000 people.

- Funding Circle's FCH.L co-founder has raised $66 million in a fundraising for Super Payments. The new capital would be used to accelerate Super’s growth in the UK and expand it globally, beginning in the United States.

The Independent

- Insurer Aviva's AV.L boss has cautioned that a lengthy conflict in the Middle East could send the cost of vehicle parts and repairs surging in an echo of the aftermath seen after Russia’s invasion of Ukraine.

($1 = 0.7481 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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