PRESS DIGEST-British Business - March 20

March 20 (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 - London based nuclear company Newcleo plans to raise 900 million pounds ($1.10 billion) to advance a plan to build a fleet of small nuclear reactors in the U.K.

The Guardian - The Bank of England should slash interest rates and stop selling government bonds in the wake of the turmoil in the banking sector, a former Threadneedle Street policymaker, David Blanchflower has said.

- BBC urges staff to delete TikTok from company mobile phones after the UK government banned the app on government-issued phones amid fears of sensitive data being accessed by the Chinese government, owing to its ownership by the Chinese internet company ByteDance.

The Telegraph - Credit Suisse AG has been taken over by arch-rival UBS AG in a £2.6bn deal just hours before financial markets opened, amid fears of panic if the bank's value slid further when trading began.

Sky News - Virgin Orbit Holdings Inc has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce.

(Compiled by Bengaluru newsroom)

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