May 29, 2018 / 12:23 AM / 10 months ago

PRESS DIGEST- British Business - May 29

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

- Clifford Chance is facing an investigation from the solicitors' regulator after a complaint that it overlooked an allegation of fraud during a contentious review of Royal Bank of Scotland Group Plc's treatment of thousands of small companies.

- UK's accounting watchdog, the Financial Reporting Council has been accused of "outrageous ineptness" in its five-year investigation into the accounts of Autonomy, which could become its slowest inquiry yet.

The Guardian

- KPMG has quietly abandoned a longstanding practice of making donations in kind to MPs and political parties by providing researchers to help in formulating policy and legislation.

- Discovery Inc is to shut its European broadcasting base in London as the US TV giant behind channels including Animal Planet and Eurosport mulls post-Brexit plans for a new continental hub.

The Telegraph

- ITV Plc is considering entering into a 1 billion pounds ($1.33 billion) joint venture with the BBC by buying half of the Dave broadcaster UKTV, in a move to fortify British television against the increasing power of US tech giants.

- Codemasters has emerged as the latest video games company to hand ­investors a slice of the booming market by pressing ahead with a 280 million pounds London listing.

Sky News

- UK government is poised to sell a multibillion pound stake in Royal Bank of Scotland Group Plc, resuming a huge privatisation programme that has been stalled for three years.

$1 = 0.7511 pounds Compiled by Bengaluru newsroom

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