March 29, 2019 / 1:28 AM / 7 months ago

PRESS DIGEST- British Business - March 29

March 29 (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 European Union will insist that Britain pays a £39 billion ($50.91 billion) bill and implements the Irish backstop before beginning emergency talks to prevent an economic crash after a no-deal Brexit.

- The Chinese telecoms company Huawei Technologies Co Ltd poses "difficult" security risks, Britain's intelligence agency GCHQ warns.

The Guardian

- British Prime Minister Theresa May will put only half of her Brexit deal to a vote on Friday, in a final attempt to secure members of parliament's support.

- A shareholder rebellion is brewing before Royal Bank of Scotland Group's annual general meeting as investor groups raise red flags over a pay policy that involves the chief executive receiving £350,000 per year in pension payments.

The Telegraph

- Jacob Rees-Mogg, a leading Brexiteer in the Conservative party, has given his strongest hint yet that he backs Boris Johnson to replace Theresa May as Conservative party leader, saying he is a "formidably able candidate".

- Google's UK tax bill rose to £67 million last year as the U.S. internet company awaits Treasury plans to raise hundreds of millions of pounds with a tax on digital giants.

Sky News

- A Chinese supplier to British high-end womens wear firm L.K. Bennett has stepped into the battle to buy the chain from administrators amid growing hopes that the majority of its workforce will keep their jobs.

- Iceland's discount airline WOW Air has collapsed, stranding thousands of passengers, after an apparent failure to secure a cash lifeline.

$1 = 0.7661 pounds Compiled by Bengaluru newsroom; Editing by Sandra Maler

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