March 12, 2019 / 1:30 AM / 7 months ago

PRESS DIGEST- British Business - March 12

March 12 (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

- A large shareholder in Standard Life Aberdeen Plc has questioned the judgment of Martin Gilbert, its co-chief executive, in taking an additional role advising Revolut, the controversial financial technology company.

- Shareholders in Superdry Plc have been urged to reject a proposal by its co-founder to return to the retailer's board amid an increasingly acrimonious top-level dispute.

The Guardian

- British MPs have warned Prime Minister Theresa May that the parliament is ready to seize control of Brexit and push for a softer version if her deal fails to get through the House of Commons.

- A no-deal Brexit would cost Japanese carmakers in Britain more than $1 billion a year if 10 percent tariffs were imposed on trade between the UK and EU, new analysis suggests.

The Telegraph

- UK Prime Minister Theresa May on Monday pleaded with MPs to "come together" and back a revised version of her Brexit deal after claiming to have solved the problem of the Northern Irish backstop.

- Unilever has revealed that its former boss Paul Polman was paid a total of 11.7 million euros ($13.17 million) for his final year at the company, a combination of his fixed salary, an annual bonus and long-term incentives.

Sky News

- British insurance and travel specialist Saga is working with bankers on the possible disposal of Titan Travel, which offers escorted holidays, and Destinology‎, an online provider of four- and five-star vacations.

- The accounting regulator, the Financial Reporting Council, (FRC) is to be abolished and replaced by a new "enhanced" body following a damning review sparked by the collapses of high-profile companies such as Carillion Plc and BHS.

The Independent

- At least 900 billion pounds ($1.19 trillion) of assets have been moved out of the UK by financial firms ahead of Brexit, a study suggests.

- British nationals will be prevented from buying new shares in Ryanair Holdings Plc after a no-deal Brexit, the airline has said. ($1 = 0.8883 euros) ($1 = 0.7563 pounds) (Compiled by Bengaluru newsroom)

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