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PRESS DIGEST- British Business - March 14

Updated: 14-03-2019 06:36 IST
PRESS DIGEST- British Business - March 14

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

- One of Britain's biggest energy suppliers, Npower, could be wound down after failing to stem heavy losses, its owner said on Wednesday. - UK Prime Minister Theresa May is preparing a third vote on her Brexit deal after holding secret compromise talks with the DUP and Brexiteers.

The Guardian - HM Revenue and Customs may be in line for a 1 billion pound ($1.33 billion) windfall, after the UK supreme court ruled on Wednesday that administrators overseeing the winding up of Lehman Brothers must pay tax on more than 5 billion pounds in assets that have been left over from the collapse.

- Jaguar Land Rover has been forced to recall more than 44,000 cars for repairs after UK regulators found some models were emitting more carbon dioxide than previously thought. The Telegraph

- Sports Direct International Plc has offered Debenhams Plc an alternate 150-million-pound deal, just days after the troubled high street retailer revealed it was in crunch talks with its lenders over a bailout of the same amount. - UK Chancellor Philip Hammond urged MPs to remove the threat of a no deal Brexit in the Spring Statement as the Office for Budget Responsibility predicted that UK growth will slow to its lowest level since the financial crisis.

Sky News - British MPs have voted to rule out a no-deal Brexit in all circumstances, with UK Prime Minister Theresa May warning of a lengthy delay to the UK's departure from the EU.

Members of the European Parliament passed a resolution "expressing their deep concern" about cyber security threats from China, including the use of Huawei equipment in 5G network infrastructure. The Independent

- Dixons Carphone Plc, the owner of Carphone Warehouse, has been fined 29.1 million pounds for pressure-selling its "Geek Squad" phone insurance and tech support to customers who didn't need it. ($1 = 0.7527 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)