March 3 - 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.
Activist investor Sherborne Investors has called on Barclays Plc BARC.L to remove its chief executive over his links with Jeffrey Epstein, the convicted sex offender. One, the asset management arm of South Africa-based banking group Investec, said it is aiming to sell 10% of its existing shares in a flotation on March 16, valuing itself between 1.75 billion pounds ($2.23 billion) and 2.17 billion pounds ($2.77 billion). Guardian
NMC Health Plc NMC.L has asked its banks for an "informal standstill" on its debt payments as it faces a cash crunch amid an accounting scandal. Welch, the American businessman who expanded General Electric (NYSE: GE ) GE.N to become world's biggest company, has died at the age of 84. Telegraph
UK's finance minister Rishi Sunak has re-written part of his Budget to combat the coronavirus crisis amid a wave of worldwide action, as top economists warned that it could halve global growth. Steel's sale to Jingye Group is expected to complete next Monday, according to company insiders, ending uncertainty about the plant after it collapsed into insolvency in May last year. News
British Airways and Ryanair Holdings Plc RYA.I have cancelled hundreds of flights between the UK and parts of Europe and the U.S. due to the coronavirus outbreak. ($1 = 0.7831 pounds)
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.