Yahoo Finance PRESS DIGEST-British Business - March 7
March 7 (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
- Britain's proposals to loosen capital rules for insurers will increase the chances of an insurance company failing by 20% in a given year, the Bank of England has told lawmakers, reiterating its caution over the government's plan.
- UK's WANdisco became the latest company to reveal it is exploring a US listing after similar announcements from CRH and Flutter Entertainment.
The Guardian
- Refugees who cross the Channel in small boats from Tuesday could face detention and deportation under a new migration law in the UK.
- British new car registrations jumped 26% in February from a year ago, raising the prospect of nearly half a million plug-in cars joining the roads by the end of this year, according to industry data released on Monday.
The Telegraph
- China could "infiltrate" Britain's weapons supply chain, Britain's Minister for Defence Procurement Alex Chalk has warned.
- UK's National Grid has told an emergency coal power station to start warming up as the country braces for a cold snap on Tuesday.
Sky News
- UK's Co-operative Bank and Sainsbury's Bank have called off talks about a 650 million pound mortgage deal after failing to agree on a price for the supermarket-owned portfolio.
(Compiled by Bengaluru newsroom)
