PRESS DIGEST- British Business – March 27

March 27 (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

– Lloyd’s of London is likely to take a substantial hit from coronavirus claims but is robust enough to cope, according to Chairman Bruce Carnegie-Brown.

– Apple is considering delaying the launch of its new 5G iPhones from September by a few months.

The Guardian

– UK clothing and homewares retailer Next said on Thursday it had taken the “difficult decision” to close its website as the coronavirus shutdown threatens to wipe more than 11 billion pounds ($13.39 billion) off fashion sales this year.

– Ryanair has been accused of ripping off passengers after it was found to be charging £80 more to those rebooking cancelled flights.

The Telegraph

– The UK housing market is being put on hold as banks struggle to get valuers into homes coming up for sale.

– The UK Government has formally requested a consortium of manufacturers to speed up production of a new ventilator based on existing technology, The Telegraph understands.

Sky News

– Britain’s biggest outsourcing groups are to pool their workforces to ensure the delivery of public sector contracts in an unprecedented move to deal with the COVID-19 crisis.

– UK Finance Minister Rishi Sunak said that self-employed people will be able to claim grants worth 80% of their average monthly profits – up to 2,500 pounds a month.

The Independent

– The chairman of British online supermarket Ocado has pleaded with the British public to show restraint and stop stockpiling amid the coronavirus crisis.

$1 = 0.8214 pounds
Compiled by Bengaluru newsroom

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