PRESS DIGEST-British Business - March 27

March 27 (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

- Big Four firm Ernst & Young has set aside a record 188 million pounds ($250.5 million) to cover the mounting list of regulatory fines and legal claims it is facing in the UK.

- The food-to-funerals group Co-op 42TE.L said Shirine Khoury-Haq had decided to leave after four years as chief executive and seven years with the business.

The Guardian

- The chief executive of the state-backed National Savings and Investments bank has been forced out over a scandal that left thousands of bereaved families owed almost 500 million pounds ($666.3 million).

- Brussels has opened an investigation into Snapchat over concerns the social messaging app is exposing children to grooming and other criminality.

The Telegraph

- Britain should move to tap five years' worth of gas reserves lying near the Shetland Islands, Serica SQZ.L a North Sea energy company said.

Sky News

- The Organisation for Economic Co-operation and Development (OECD) cut its 2026 forecast for UK gross domestic product by 0.5 percentage points, meaning Britain will have among the weakest economic growth in the developed world this year.

The Independent

- Bank of England rate-setter Alan Taylor said policymakers should not rush into raising borrowing costs in the face of the Iran war's energy price shock.

($1 = 0.7505 pounds)