PRESS DIGEST- British Business - June 18

June 18 - 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

- The administrator of Neil Woodford's failed investment fund has been accused of delivering "a slap in the face" to investors with its recent 224-million-pound ($281.32 million) deal to sell a host of the fallen stock-picker's biotechnology stakes.

Reliantco Investments, a Cypriot trading firm promoted by the former rugby player Mike Tindall, has pulled out of Britain amid scrutiny of overseas investment schemes.

The Guardian

- The Bank of England is expected to provide a fresh boost to Britain's coronavirus-hit economy after the latest official figures showed the annual inflation rate dropped to a near four-year low of 0.5% in May.

- The delivery firm DPD and the B&Q owner Kingfisher are hiring a total of more than 7,500 staff in the UK to cope with surging demand for home deliveries during the pandemic.

The Telegraph

- Big companies are building their own apps and taking other steps in a bid to get staff safely back to the office as the UK government drags its feet on test and trace.

- Rob Perrins, the boss of Berkeley Group, has said that housebuilders will need support akin to that following the financial crash to help them recover from the coronavirus crisis.

Sky News

- McLaren Group is considering the sale of a minority stake in its Formula One (F1) team as it tries to raise hundreds of millions of pounds to steer it through the COVID-19 crisis.

- EU regulators have launched an in-depth four-month investigation into a planned $50 billion merger between carmaker Fiat Chrysler and PSA, the owner of Vauxhall.

The Independent

- The British government has no plans to break its manifesto commitment to keep the state pension "triple lock", a Downing Street source has said.

- Banking giant HSBC Holdings Plc is to resume its plan to cut around 35,000 jobs worldwide after putting the redundancy programme on hold amid the coronavirus crisis. ($1 = 0.7962 pounds) (Compiled by Bengaluru newsroom)