September 7, 2017 / 12:14 AM / in 10 months

PRESS DIGEST- British Business - Sept 7

Sept 7 (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

- An unusual 1.5 million pounds ($1.96 million) cash bonus for the chief executive of Aveva Group PLC for clinching the merger this week with Schneider Electric SE has raised eyebrows with the Cambridge company's biggest shareholder, Standard Life Aberdeen PLC

- Neil Woodford, founding partner of Woodford Investment Management has blamed credit growth in China as the main reason behind the recent poor performance of his most high-profile fund in an interview for his website.

The Guardian

- Deutsche Bank AG Chief Executive John Cryan has issued a stark warning about the impact of technology, to an audience at a conference in Frankfurt saying a "big number" of his staff will lose their jobs as robots take over.

- The Financial Conduct Authority is facing pressure from Parliament's Treasury Select Committee to publish its leaked report into Royal Bank of Scotland PLC's troubled business restructuring unit.

The Telegraph

- Sports Direct International PLC's under-fire chairman Keith Hellawell survived a tense shareholder vote today after narrowly clinching support for his re-election from the majority of independent shareholders.

- The European Court of Justice has ordered a 1.06 billion Euro ($1.26 billion) fine for Intel Corp to be re-examined in a major victory for the U.S. microchip giant that could bolster Silicon Valley in its battles with Brussels.

Sky News

- Asda, the British supermarket arm of Wal-Mart says a shake-up of its main office functions will result in the loss of 300 jobs.

- Downing Street is asking Britain's biggest companies to give public support to the government's approach to its Brexit negotiations, a move which has angered a string of blue-chip boardrooms.

The Independent

- Up to 54 new wind turbines are set to be installed in the Scottish Highlands in a proposal by the GFG Alliance to power an aluminium smelter plant in Fort William and a steel plant in Motherwell.

- Lilium Aviation, a German company that held a successful test flight of the Eagle, its two-seat electric jet announced on Tuesday that it has raised $90 million in a new round of financing. ($1 = 0.8386 euros) ($1 = 0.7665 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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