March 12, 2020 / 2:22 AM / 21 days ago

PRESS DIGEST- British Business - March 12

March 12 (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 Bank of England has not run out of ammunition to fight a deep economic shock, both the incoming and outgoing governors said after Wednesday's emergency interest rate cut.

Activist investor Gatemore Capital Management has built a 5.06% holding in Sensyne Health Plc, making it a top ten shareholder, after it began investing in the company in January.

The Guardian

UK Finance Minister Rishi Sunak ditched a decade of Conservative economic orthodoxy on Wednesday and claimed the Conservatives were now "the party of public services," as he turned on the spending taps with a 30 billion pounds ($38.47 billion) package.

The Telegraph

British digital banking application Revolut will allow its paid-for users to buy and sell exposure to gold and the customers will be able to access gold through the application from Thursday.

Balfour Beatty Plc has shelved 200 million pounds ($256.46 million)share buyback as the construction company braces for the impact of the coronavirus outbreak.

Sky News

UK government said it will introduce a digital services tax to collect 2% of online revenues made in the country by companies such as Facebook, Google and Amazon.

UK's Clara-Pensions is in talks with prospective investors about a substantial fundraising. ($1 = 0.7798 pounds) (Compiled by Bengaluru newsroom)

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