PRESS DIGEST-British Business - March 5

Reuters2021-03-05

March 5 (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

- Italy and the EU have blocked a shipment of Oxford-AstraZeneca vaccines heading to Australia from a factory near Rome as anger simmers in Europe over the slow supply of doses.

- Cyprus has become the first country to say that it will open its borders without restrictions to vaccinated Britons.

The Guardian

- Square , the mobile payments firm run by Jack Dorsey, Twitter's co-founder, has acquired a majority stake in Jay-Z's Tidal audio and video music streaming service in a $297 million deal.

- Meal delivery company Deliveroo has chosen London as the venue for its planned $7 billion stock market listing after the UK government committed to rule changes that will allow founders to keep more control.

The Telegraph

- Householders in UK face a 7.5 billion pounds ($10.42 billion) council tax raid after local authorities increased rates without consultation, according to an analysis by the Office for Budget Responsibility.

- The head of the Armed Forces in UK will remain in post until the end of the year to oversee an overhaul of the military, Number 10 will announce on Friday.

Sky News

- On The Beach , one of Britain's biggest online travel agents, will on Friday appoint Justine Greening, the former Conservative minister of UK, to its board.

- Apple's App Store is being investigated by the UK competition watchdog over concerns about possible unfair practices that could ultimately mean consumers are paying higher prices.

The Independent

- A proposed pay rise of just 1% for doctors, nurses and more than a million other NHS staff in UK has been branded "pitiful" and "the worst kind of insult" by health unions.

($1 = 0.7199 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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