Press Digest: British Business - Jan 15

Carillion

15/01/2019 01:08

Jan 15 (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
    
    - Four former senior Barclays Plc  BARC.L  bankers have
appeared in court to deny fraud during the 2008 financial
crisis. (http://bit.ly/2CmnoAW)
    
    - Television chef Jamie Oliver has defended his decision to
sign a reported 5-million-pound ($6.44 million) deal with Royal
Dutch Shell Plc  RDSa.AS  despite years of campaigning for
action on climate change. (http://bit.ly/2CpZMM2)
    
    The Guardian
    
    - Environmental activists have accused Barclays Plc  BARC.L 
of being on the "wrong side of history" after publishing an
"underwhelming" climate policy document that fails to rule out
funding for tar sands projects. (http://bit.ly/2CoZXXG)
    
    - Cathay Pacific Airways Ltd  0293.HK  has accidentally
given passengers first-class airline tickets at economy prices –
for the second time in a fortnight. (http://bit.ly/2CoIAq7)
        
    The Telegraph
    
    - Dowgate Capital has appointed Lorna Tilbian, the former
head of media at the investment bank Numis, as chairman. (http://bit.ly/2CpT9ZN)
    
    - The Federation of Small Businesses has urged the
government to step up a crackdown on late payments a year on
from the collapse of Carillion Plc  CLLN.L , which went under
last January owing 2 billion pounds to 30,000 suppliers. (http://bit.ly/2Cmomgy)
    
    Sky News
    
    - Fashion retailer New Look plans to cut its debt by 1
billion pounds and raise more money to turn around the business.
The company, which is closing its remaining 120 stores in China
as well as 60 stores in the UK to return to profitability, said
it had agreed with key shareholders to slash its debt from 1.35
billion pounds to 350 million pounds. (http://bit.ly/2CjVJki)
    
    - Durham-based lender Atom Bank is in talks to appoint Citi
to advise its board, through a crucial period that could lead to
its takeover by one of Spain's Banco Bilbao Vizcaya Argentaria,
S.A.  BBVA.MC . (http://bit.ly/2CjVJki)
    
    The Independent
    
    - Lloyds Banking Group Plc's new overdraft fees are against
the spirit of recommendations from the City watchdog, Labour MP
Rachel Reeves has said. (https://ind.pn/2CjWidU)
    
    - Hundreds of Britons have spent 300 pounds on "Brexit
boxes" to prepare for disruption to food supplies when the UK
leaves the EU. The government has said that there is no need to
stockpile but some concerned consumers have stocked up
regardless, boosting business for suppliers of emergency food.
(https://ind.pn/2CkqMMT)
($1 = 0.7763 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))