September 3, 2017 / 11:32 PM / a year ago

PRESS DIGEST- British Business - Sept 4

Sept 4 (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

* One of the country's biggest alternative loan providers Ratesetter channelled millions of pounds of investors’ money into investments offered by rivals without telling its customers, according to the Times.

* James Henderson, the chief executive of Bell Pottinger has stepped down over allegations that his company ran a secret campaign to stir up racial tensions in South Africa.

The Guardian

* HSBC has rushed to head off complaints from small businesses that found the bank had frozen or closed down their accounts as part of a crackdown on financial crime.

* Theresa May is being urged to face down a potential backlash from backbench Conservatives and sign off proposals aimed at forcing councils to unleash a building boom to tackle Britain's housing crisis.

The Telegraph

* Big listed companies are abandoning quarterly financial reports to focus on longer-term targets, in moves investors hope will help tackle Britain's weak productivity, according to data from the Investment Association (IA), a lobby group for major City money manager.

* EEF, the trade association which represents 20,000 companies in the engineering and manufacturing sector, has unveiled a top civil servant as its new chief executive. Stephen Phipson will take the helm at EEF, replacing Terry Scuoler who has led the industry group for eight years.

Sky News

* Sky News has learnt that Charter Court Financial Services, the owner of the Exact and Precise mortgage brands, is likely to announce its intention to float as soon as this week.

The Independent

* Passengers flying British Airways to Orlando next summer who value their space should avoid flying on Fridays or the first flight of the day on Saturdays. Those are the services which will feature BA's new "densified" jets, with 52 more seats squeezed into the same planes.

* Emerging markets will start to dominate rankings of the world's top economies by 2030, according to a report by PricewaterhouseCooper. (Compiled by Bengaluru newsroom; Editing by Peter Cooney)

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