PRESS DIGEST-British Business - Sept 28

Sept 28 (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

- David Potts, the chief executive of supermarket chain Wm Morrison, has stepped down after nine years in the job, and is being succeeded by Rami Baitieh, formerly the boss of Carrefour France.

- Britain Prime Minister Rishi Sunak's wife Akshata Murty is to close her start-up investment company Catamaran Ventures UK.

The Guardian

- JCB chairperson Anthony Bamford, who is also one of the Conservative party's biggest and most influential donors, is under investigation over his tax affairs.

- The Britain's oil and gas regulator's decision to grant the Oslo-listed Equinor and the British firm Ithaca Energy permission to develop the Rosebank oil and gas field in the North Sea has sparked outrage from environmental campaigners.

The Telegraph

- The development of the Rosebank oil field that was approved by the North Sea Transition Authority (NSTA) on Wednesday, will generate billions of pounds in tax and boost the UK's energy security for decades, ministers said.

- After the chief executive of Shell, Wael Sawan, set out plans to scale back the company's investment in renewables in a bid to boost profits, Shell employees said they are "deeply concerned" by the oil giant's shift in a blistering open letter to the chief executive.

Sky News

- Following a speech in the U.S. by Britain's Home Secretary Suella Braverman on migration, Culture Secretary Lucy Frazer has refused to commit to the UK staying as a signatory to the United Nations refugee convention.

The Independent

- Private schools would retain some of their tax breaks under a Labour government, after Labour remained committed to its policy for England of charging 20% VAT on fees and ending the business rates relief from which independent schools benefit.

(Compiled by Bengaluru newsroom)

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