April 28 (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
UK's Rishi Sunak has told the cabinet that interest rates are expected to increase to 2.5% over the next year as he warned ministers against borrowing more to fund public spending. https://bit.ly/3MBtOPb
The Chief Executive of British insurer and asset manager M&G John Foley is to leave the group, announcing his departure only six weeks after the arrival of a new chairman. https://bit.ly/3ERC6zX
The Guardian
UK transport secretary Grant Shapps told MPs that the boss of P&O Ferries "will have to go", after the operator resumed cross-Channel sailings for the first time since it sacked almost 800 seafarers. https://bit.ly/3ETAZPY
Investigators from UK's Serious Fraud Office have requested documents and questioned executives at the British offices of companies owned by the industrialist Sanjeev Gupta, in a sign of deepening legal difficulties for GFG Alliance, his metals and energy group. https://bit.ly/3OCOSqx
The Telegraph
Britain's coal-fired power stations have been asked to stay open for longer as part of government plans to avert an energy crunch amid Russia's war on Ukraine. https://bit.ly/3OLilP8
UK Chancellor Rishi Sunak threatened energy companies with a windfall tax on their profits unless they "support the economy" by increasing investment in UK energy supply. https://bit.ly/3Lqdkt6
Sky News
U.S. food company Kellogg's is mounting a legal challenge against new government rules in the UK that would stop some of its cereals being prominently displayed in shops. https://bit.ly/3LBax00
Retail sales slumped in Britain during April with the first year-on-year fall in volumes in 13 months, reflecting the caution of shoppers as the cost of living crisis worsens, figures from the Confederation of British Industry showed on Wednesday. https://bit.ly/39au21d
(Compiled by Bengaluru newsroom)