PRESS DIGEST-British Business - February 24

Reuters
02/24
PRESS DIGEST-British Business - February 24

Feb 24 (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

- Jose Alejandro Zamora Yrala, director of a London-based airline parts company AOG Technics, who used forged documents to sell tens of thousands of engine parts, leading planes to be briefly grounded over safety concerns, was jailed for four years and eight months.

- UK chemicals company Johnson Matthey JMAT.L agreed to sell its catalyst technologies business to Honeywell HON.O for a reduced price of 1.33 billion pounds ($1.8 billion), down from the previously agreed value of 1.8 billion pound.

The Guardian

- A cap on court sitting days is to be lifted as the government seeks to ease the cases backlog, British deputy prime minister David Lammy has announced.

- U.S. President Donald Trump has declared that he can use tariffs in a "much more powerful and obnoxious way", as the UK and the EU said they were seeking urgent clarity on the U.S. trade deals they struck last summer.

The Telegraph

- Britain's energy regulator Ofgem has disclosed that more than 140 data centre projects have come forward seeking grid connections, with requests for more than 50 gigawatts (GW) of capacity.

- UK Parliament's pension fund has come under fire for investing in Chinese technology giants while excluding defence companies that provide Britain's nuclear deterrent.

Sky News

- The UK has not ruled out retaliatory tariffs against the U.S., while the EU has put on hold the ratification of its trade deal with Washington.

($1 = 0.7409 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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