PRESS DIGEST-British Business - March 3
March 3 (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
- Hundreds of jobs will be lost at Brewdog after the Scottish brewing and hospitality company was bought by a U.S. cannabis and wellness specialist for 33 million pounds ($44.22 million).
- London insurer Beazley BEZG.L has agreed an 8-billion-pound takeover by the Swiss company Zurich Insurance ZURN.S in a vote of confidence for the industry amid a sell-off in global stock markets.
The Guardian
- Paramount Skydance PSKY.O plans to combine HBO Max and Paramount+ into one streaming service, CEO David Ellison announced during a call with investors, days after the company said it would acquire HBO parent company Warner Bros Discovery WBD.O.
- The boss of Rolls-Royce RR.L has said he would welcome Germany helping to build Britain's next-generation fighter jet, arguing it would bring in more business for the project.
The Telegraph
- Rachel Reeves is poised to backtrack on another manifesto pledge to raise young people's pay as her economic watchdog warns of rising joblessness and a sluggish economy.
The Independent
- The owner of TG Jones, the high street retailer formerly known as WH Smith's SMWH.L high street division, is reportedly seeking a restructuring plan that could jeopardise around 80 of its stores.
($1 = 0.7463 pounds)
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