PRESS DIGEST-British Business - April 2
April 2 (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
- The war in Iran has delivered a "substantial" shock to the global economy that could lead to an additional 1.3 million British households paying higher mortgage rates, the Bank of England has warned.
The Guardian
- Britain will convene 35 countries – excluding the U.S. – to explore ways to reopen the Strait of Hormuz, the vital shipping route for oil and gas blocked by Iran.
- Britain will seek an even deeper partnership with the EU because of the instability wreaked by Donald Trump's Iran war, Keir Starmer has said, adding that the moment called for a more ambitious deal with Brussels to strengthen trade and defence.
The Telegraph
- Ryanair RYA.I CEO Michael O'Leary said jet fuel supply to Europe could be disrupted from June if the Middle East conflict does not end in the next month, potentially forcing the airline and rivals to consider cancelling summer season flights.
Sky News
- Investment firm Gordon Brothers has emerged as one of the potential bidders for British handbag brand Radley.
