In This Article:
March 6 (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
- British telecommunications testing firm Spirent Communications has agreed to a 1 billion pound ($1.27 billion) all-cash takeover from American-based Viavi Solutions.
- British digital bank Monzo has raised 340 million pounds at a 4 billion pound valuation.
The Guardian
- Reach, the publisher of the Mirror and Express newspapers, has cut the amount set aside to deal with legal claims relating to phone hacking and unlawful information-gathering to 18.2 million pounds.
- Birmingham City council approved a set of cuts that will see the loss of up to 600 council jobs, arts grants scrapped, libraries closed and bin collections reduced to fortnightly.
The Telegraph
- More than 100 MPs in the UK have backed powers for Parliament to block the proposed Abu Dhabi takeover of The Telegraph.
- JO Hambro Capital, a top Currys shareholder, criticised the dismal valuations the London stock market attaches to businesses, saying Currys should be worth far more than what investors have valued it at.
Sky News
- Private equity firm CVC Capital Partners could revive an Amsterdam stock market listing, valuing it at well over $15bn as soon as next month.
- TalkTV, publisher of the Sun and the Times and owned by News Corp, is to be taken off air in a move to online-only, two years on from its launch.
The Independent
- British finance minister Jeremy Hunt will cut social security contributions by two percentage points, putting an average of 900 pounds a year into the pockets of workers when combined with a similar move from last November.
$1 = 0.7872 pounds) (Compiled by Bengaluru newsroom)