PRESS DIGEST- British Business – Dec 11


2017-12-11 01:03:26

Dec 11 (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

– Qatar’s defence minister signed a deal yesterday to purchase 24 Typhoons to be built at BAE System’s Warton factory in Lancashire, securing hundreds of production-line jobs for several years and marking the biggest order for the aircraft in a decade.

– The economy will slow sharply next year as trade continues to disappoint despite the fall in sterling since the Brexit vote, the British Chambers of Commerce has warned.

The Guardian

– Four Seasons Health Care is on course for a stay of execution before a crunch debt deadline, after its major creditor offered to drop demands rejected by directors.

– The European Investment Bank has come under fire for moving towards approving a 1.5 billion euros ($1.77 billion) loan for a gas pipeline from Azerbaijan to western Europe as campaigners said the bank was acting against the EU’s climate change commitments.

The Telegraph

– Government officials have admitted the plan to put a cap on standard energy prices could scupper growing competition in the energy market, unless the regulator keeps bills high enough to make it worthwhile for consumers to switch.

– Uber will head to court on Monday to fight its London ban, kicking off the first of two crucial legal battles over the next fortnight.

Sky News

– UK’s pensions lifeboat is weighing whether to reject a restructuring proposal for Toys R Us’s British operations amid questions about a big loan write-off and bonuses awarded to company bosses.

– David Cumming‎ is in advanced discussions about a senior role running the equities division of Aviva Investors, which manages assets worth more than 350 billon pounds.

The Independent

– The UK’s financial watchdog has defended its handling of a report into Royal Bank of Scotland’s treatment of small business customers following claims it failed to publish the document over fears of being sued.

$1 = 0.8498 euros
Compiled by Bengaluru newsroom; Editing by Peter Cooney

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