PRESS DIGEST-British Company – March 17

March 17 (Reuters) – The following are the prime stories on the organization pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Occasions

– UK’s North Sea oil corporation Hurricane Power, which was close to collapsing two years ago, is getting taken more than by London-primarily based oil refining firm Prax Exploration &amp Production in a deal worth up to 249 million pounds ($300.six million).

– The British government and healthcare unions on Thursday agreed on a spend proposal with a five% wage enhance in the coming year and urged workers to accept it, potentially ending strikes that have disrupted the National Overall health Service (NHS) for months.

The Guardian

– Britain’s John Lewis Partnership warned it would have to reduce employees numbers and scrap any bonus this year following the retail group fell into the red, posting a worse-than-anticipated 234 million pounds ($283 million) complete-year loss.

– Britain’s Rolls-Royce has received funding from the UK Space Agency to create a nuclear reactor for a moon base.

The Telegraph

– The public faces a rise in the British Broadcasting Corp licence charge of 13 pounds subsequent year, with the government beneath stress to cancel the enhance.

– Hutchison-owned 3 UK’s investment in its network is unsustainable in the extended term unless it merges with Vodafone, admitted Robert Finnegan, the mobile network’s boss.

Sky News

– TikTok has been banned from UK government phones amid safety issues about the Chinese-owned video app, Cabinet Workplace minister Oliver Dowden announced.

– Former UK prime minister Boris Johnson has been re-chosen to run as the Conservative candidate in Uxbridge and South Ruislip for the subsequent common election.

The Independent

– Virgin Orbit has “paused” its operations to deal with a funding crisis, weeks following its failed UK space launch from Cornwall.

– The Police Service of Northern Ireland has asked for 330 officers from the rest of the UK to help with a huge safety operation through a check out to Northern Ireland by U.S. President Joe Biden. (Compiled by Bengaluru newsroom)