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March 28 (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
– British bank Barclays PLC has described allegations that its former chief executive was involved in a sex-trafficking operation as “serious and new”.
– The 353 million pound ($434.72 million) reverse takeover by Redx Pharma of an American rival has collapsed, halting plans for the biotechnology business to quit the London stock market.
The Guardian
– British Airways is to cancel more than 300 flights to and from Heathrow over the Easter holiday period due to strikes by airport security staff.
– Long-running talks between Royal Mail and the Communication Workers Union are on the brink of collapse, with the company’s board thought to have threatened to put the loss-making postal service into a form of administration if a deal cannot be agreed.
The Telegraph
– Millionaire investor Stefan Glaenzer allegedly sexually assaulted a woman by rubbing up against her as she loaded a dishwasher, a court has heard.
– Bank of England governor Andrew Bailey has blamed a wave of early retirement for forcing up interest rates and inflation as Britain battles the steepest price rises of any large rich country.
Sky News
– British clothing retailer Next PLC is in advanced talks to buy UK retailer Cath Kidston in its latest swoop on a prominent but troubled retail brand.
– A decision to “reward” P&O owner DP World who sacked nearly 800 ferry workers without notice has been met with anger from unions. The government has confirmed that DP World, will co-run the new Thames Freeport in Essex. ($1 = 0.8120 pounds) (Compiled by Bengaluru newsroom)
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