November 29, 2019 / 12:09 AM / 8 months ago

PRESS DIGEST- British Business - Nov 29

Nov 29 (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

- Blackmore Bond, a minibond company has raised at least 25 million pounds ($32.08 million) for property developments, faces further questions over its future after it again delayed interest payments to thousands of savers.

The Guardian

- Virgin Money has nearly doubled the pay of its chief executive to 3.4 million pounds after the bank was pushed to a second consecutive annual loss by a 385 million pound charge for mis-sold payment protection insurance.

- TSB has unveiled the locations of 82 branches across the UK that will close next year, with the loss of around 370 jobs.

The Telegraph

- Retail tycoon Philip Day is poised to seize back control of troubled fashion chain Bonmarche, months after his stake was wiped out when the firm crashed into administration.

- Pressure is mounting on the blue-chip companies still giving huge pension top-ups to their bosses as top offender CRH Plc refuses to budge.

Sky News

- Both the Conservatives and Labour have failed to put forward a "properly credible prospectus" for their spending plans, leading economic think tank Institute for Fiscal Studies said.

- The owner of Manchester's Trafford Centre has hired advisers to work on a critical restructuring of its balance sheet as it prepares to tap investors for new capital. Intu Properties Plc has drafted in PricewaterhouseCoopers to work alongside its existing City advisers.

The Independent

- The Conservatives are threatening a review of Channel 4's broadcasting remit following a row that saw a melting block of ice stand in for Boris Johnson during a climate change debate.

- The BBC has been criticised for posting about being apathetic about politics just before the voter registration deadline – but the broadcaster says the posts have been taken out of context.

$1 = 0.7794 pounds Compiled by Bengaluru newsroom

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