March 12 (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 Bank of England has not run out of ammunition to fight a deep economic shock, both the incoming and outgoing governors said after Wednesday’s emergency interest rate cut. http://bit.ly/3cR0x1R
Activist investor Gatemore Capital Management has built a 5.06% holding in Sensyne Health Plc, making it a top ten shareholder, after it began investing in the company in January. http://bit.ly/2TZ1GvO
The Guardian
UK Finance Minister Rishi Sunak ditched a decade of Conservative economic orthodoxy on Wednesday and claimed the Conservatives were now “the party of public services,” as he turned on the spending taps with a 30 billion pounds ($38.47 billion) package. http://bit.ly/3aIGb92
The Telegraph
British digital banking application Revolut will allow its paid-for users to buy and sell exposure to gold and the customers will be able to access gold through the application from Thursday. http://bit.ly/2IIzFmI
Balfour Beatty Plc has shelved 200 million pounds ($256.46 million)share buyback as the construction company braces for the impact of the coronavirus outbreak. http://bit.ly/2TZ2O2w
Sky News
UK government said it will introduce a digital services tax to collect 2% of online revenues made in the country by companies such as Facebook, Google and Amazon. http://bit.ly/2TXGW7B
UK’s Clara-Pensions is in talks with prospective investors about a substantial fundraising. http://bit.ly/2TSlPDG ($1 = 0.7798 pounds) (Compiled by Bengaluru newsroom)
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