PRESS DIGEST-British Business - April 15

April 15 (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 Body Shop is seeking approval for a plan to reduce its tax bill when it returns to profitability to provide extra cash to creditors nursing losses after its collapse.

- AstraZeneca Chairman Michel Demaré attacked proxy advisory groups like Institutional Shareholder Services and Glass Lewis, claiming that they are causing "serious harm" to the competitiveness of big companies based in Britain because of their stance on executive pay.

The Guardian

- Thames Water has just six weeks to convince Ofwat, the water regulator for England and Wales that it has a viable survival plan for its business.

The Telegraph

- Rwanda is ready to take more than 30,000 asylum seekers in the first five years of the deportation scheme at a potential cost to the UK of nearly 5 billion pounds ($6.22 billion).

Sky News

- SC Ventures, Standard Chartered's innovation arm will announce on Monday that it is injecting an unspecified multimillion-dollar sum into fintech firm Algbra, which counts a host of illustrious names from business and finance among its backers.

- Former JD Sports Fashion boss Peter Cowgill is acquiring a multimillion pound shareholding in sports supplement maker Applied Nutrition in a personal capacity.

The Independent

- Britain's homes and businesses received 4.86 billion pounds ($6.05 billion) in property insurance payouts in 2023, up 18% from a year earlier, as weather-related home claims hit a record high, the Association of British Insurers said on Monday.

($1 = 0.8038 pounds) (Compiled by Bengaluru newsroom)

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