March 11, 2019 / 1:27 AM / 6 months ago

PRESS DIGEST- British Business - March 11

March 11 - 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

City advisers could pocket more than 22 million pounds ($28.54 million) in fees if Non-Standard Finance Plc succeeds with its 1.3 billion pound hostile bid for Provident Financial Plc.

Interserve Plc is mounting a last-ditch campaign to encourage support for a rescue plan under which lenders would write off their debts in exchange for equity from its retail investors, who between them own about 30 percent of the business.

The Guardian

Deutsche Bank AG has begun tentative merger talks with rival Commerzbank AG, which would create Europe's second-biggest bank behind HSBC Holding Plc and fend off unwanted potential bidders such as French giant BNP Paribas SA.

UK Finance Minister Philip Hammond will boost public spending on genetic research and laser technology by 200 million pounds in this week's spring statement to support some of Britain's fastest-growing industries as they prepare for Brexit.

The Telegraph

Steel tycoon Sanjeev Gupta is targeting a near-3 billion pound float of Arrium, the Australian arm of his sprawling industrial empire, in a move he hopes will quash speculation his business may be in trouble.

Shareholders urged Just Eat Plc's board to explain why interim CEO Peter Duffy ruled himself out of taking up the post permanently, after they were told just weeks earlier that he was "their man".

Sky News

OneSavings Bank Plc and Charter Court Financial Services Group Plc, two of Britain's biggest challenger banks, are in advanced talks about an all-share merger that would create a lender worth ‎more than 1.6 billion pounds ($2.08 billion).

The Independent

Norway's $1 trillion sovereign wealth fund said it would sell off around $7.5 billion of oil and gas company shares to cut the risk it faces from a permanent global shift from fossil fuels to renewables.

$1 = 0.7709 pounds Compiled by Bengaluru newsroom

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