PRESS DIGEST-British Business - May 13

May 13 (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

- Britain’s biggest bakery chain, Greggs GRG.L, warned the Iran war could drive its costs higher into next year after confirming another wave of price increases.

- Tony Blair’s daughter-in-law, Suzanne Ashman, has been chosen to head up the government’s 500 million pounds ($677.10 million) Sovereign AI fund.

The Guardian

- JP Morgan's JPM.N Jamie Dimon has warned he could scrap plans to build a new 3 billion pound UK headquarters in London if British Prime Minister Keir Starmer is replaced by a new Labour prime minister who is hostile to banks.

- BBC bosses will forgo a pay rise this year, staff have been told, but employees fear the move could result in only a modest increase for rank-and-file workers and have been urged to remain realistic about the outcome of union negotiations.

The Telegraph

- Paresh Raja is accused of using funds misappropriated from collapsed British lender Market Financial Solutions (MFS), which he founded, to buy dozens of luxury vehicles, including Aston Martins, Ferraris and Rolls-Royces.

- Ovo Energy founder Stephen Fitzpatrick stands to receive about 300 million pounds from Eon’s acquisition of the company’s home retail business.

Sky News

- Brookfield-owned insurer Just Group to axe hundreds of jobs weeks after completing deal.

- Charterhouse Capital Partners is working with advisers on a plan to sell a minority stake in pensions consultant Lane Clark & Peacock (LCP), a major player in actuarial services and client advice.

($1 = 0.7384 pounds)