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PRESS DIGEST- British Business - April 14
April 14, 2017 / 12:24 AM / in 8 months

PRESS DIGEST- British Business - April 14

April 14 (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

Drax Group Plc, the owner of Britain's biggest power plant, has suffered a revolt over executive pay because of bonuses paid to its finance director.

The global oil market is "very close to balance" after compliance by Opec with promised production curbs, the International Energy Agency has said.

The Guardian

Labour has pledged to tackle what it calls an epidemic of high street bank closures by only permitting branches to be shut after a local consultation and with the permission of the Financial Conduct Authority.

Ministers are believed to be on the verge of a U-turn on their manifesto pledge to halt the spread of subsidised onshore windfarms –- on remote Scottish islands, at least.

The Telegraph

Rangers International Football Club Chairman Dave King looks set for a legal showdown with a City body which governs takeovers in the first case of its kind.

The chief executive of HSS Hire Group Plc is to step down after less than two years, amid widening losses for the company. John Gill announced he would be leaving the firm once a successor is found.

Sky News

Former Italian prime minister Silvio Berlusconi has finalised the sale of Serie A giants AC Milan to a Chinese-led consortium for 740 million euros ($785.36 million).

Banks are planning to put the brakes on credit card lending after a borrowing binge last year, Bank of England figures show. Lenders told a quarterly survey by the Bank that they had tightened credit scoring criteria for cards and other unsecured loans in the first three months of this year.

The Independent

Tesco Plc has apologised after one of the supermarkets beer adverts, which said "Good Friday just got better", sparked criticism from religious groups. ($1 = 0.9422 euros) (Compiled by Ismail Shakil in Bengaluru; Editing by Sandra Maler)

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