PRESS DIGEST- British Business - March 7

From Reuters - March 6, 2018

March 7 - 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

- Melrose Industries Plc is facing fierce pressure to reveal legally binding commitments to protect jobs and invest in research and development if it succeeds in its hostile takeover of GKN Plc, the aerospace and automotive group.

- BSG Resources Ltd, a mining company controlled by Beny Steinmetz, the Israeli diamond tycoon, was placed in administration on Tuesday amid an escalating legal dispute over allegations that it engaged in bribery linked with a mining project in west Africa.

The Guardian

- Retailer Debenhams Plc is in talks to rent floor space to flexible-office provider WeWork, as it looks to scale back its high street presence.

- Chancellor Philip Hammond will insist on Wednesday that Britain can overcome EU opposition and include financial services in a post-Brexit free trade deal.

The Telegraph


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