PRESS DIGEST-British Business - March 6

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 real estate services provider Balfour Beatty BALF.L on Wednesday named Philip Hoare as its new CEO, replacing Leo Quinn who will leave the company after over 10 years.

Britain's competition authority said on Wednesday that Microsoft's MSFT.O partnership with OpenAI does not qualify for investigation under the merger provisions of the Enterprise Act 2002.

The Guardian

River Action, an environmental group, is to take legal action against Ofwat, the UK water regulator, accusing it of unlawfully making customers pay for decades of neglect by the water industry.

Israel must meet international obligations regarding the provision of humanitarian aid for the people of Gaza, the foreign ministers of Britain, France and Germany said in a joint statement on Wednesday.

The Telegraph

Britain said on Wednesday it would end the windfall tax on North Sea oil and gas producers in 2030 and consult on a new mechanism for a fiscal response to high energy prices, as it set out plans to boost the clean energy prospects of the North Sea.

Bank of England Governor Andrew Bailey said recent U.S. trade policy poses "substantial" risks to the UK and the world economy.

Sky News

Nigel Railton, the chairman of the Post Office, told thousands of Post Office managers this week that he had yet to gain certainty from Whitehall about a 120 million pounds ($154.68 million) increase for this year.

The UK treasury is expected to put forward several billion pounds in spending cuts, including from the welfare budget to the Office of Budget Responsibility (OBR).

($1 = 0.7758 pounds)