PRESS DIGEST-British Business - March 18

Reuters
03/18
PRESS DIGEST-British Business - March 18

March 18 (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

  • U.S. President Donald Trump on Tuesday said the United States had been informed by most of its NATO allies that they did not want to get involved with the country's military operation in Iran, a move he described as a "very foolish mistake."

  • Mining giant BHP Group BHP.AX on Wednesday promoted senior executive Brandon Craig to CEO, succeeding Mike Henry, who will step down after more than six years at the helm, as the industry undergoes a generational shift amid a rush for copper.

The Guardian

  • UK officials are preparing for a possible court case against Roman Abramovich after he missed a deadline to release 2.4 billion he raised from the sale of Chelsea FC.

The Telegraph

  • British finance minister Rachel Reeves said on Tuesday that Britain is ready to align with many European Union business rules to generate desperately needed economic growth, urging the bloc to lower post-Brexit trade barriers.

  • Voters are to lose control over the future of the BBC after Culture Minister Lisa Nandy confirmed that a 10-year limit on the broadcaster’s Charter will be scrapped.

Sky News

  • Hospitality tycoon Richard Caring is said to be closing in on a deal to sell the bulk of his London hospitality empire, including the Ivy restaurant chain and the Annabel's members' club, for more than 1 billion pounds ($1.34 billion).

($1 = 0.7489 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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