PRESS DIGEST-British Business - April 26

April 26 (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

- Ocado Group has announced plans to close its oldest warehouse in Hatfield, putting about 2,300 jobs at risk.

- Grocery inflation in the UK dipped slightly in the past month, but the price of groceries is still 17.3% higher than last year, according to statistics published by Kantar, the data analytics company.

The Guardian

- Allowing Silicon Valley Bank UK to fail would have caused a domino effect across the City, putting a number of regulated firms at risk of collapse, Chief Executive of the Financial Conduct Authority has said.

- The UK government has more than doubled the amount of money it makes from charging interest on student loans, according to data from Office for National Statistics.

The Telegraph

- British families must "accept that they're worse off" after a surge in inflation and stop pushing for a pay rise, Bank of England Chief Economist Huw Pill has said.

- British American Tobacco Plc has agreed to pay more than 500 million pounds ($620.65 million) to U.S. authorities for selling cigarettes in North Korea over the course of a decade.

Sky News

- Rachel Osborne, the chief executive of Ted Baker, is close to leaving the company six months after the British retailer was taken over by Authentic Brands Group.

- British finance minister Jeremy Hunt has blamed the "eye-watering sums" spent on helping people through the coronavirus pandemic and energy crisis for an increase in public sector borrowing.

The Independent

- British foreign minister James Cleverly has said that failing to engage with China would be a "sign of weakness" and added that the UK must engage directly with Beijing in order to promote stability.

($1 = 0.8056 pounds) (Compiled by Bengaluru newsroom)