Press Digest: British Business - March 19

Carillion

19/03/2019 01:30

March 19 (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
    
    Lloyds Banking Group Plc  LLOY.L  CEO António Horta-Osório
has been criticised by staff at the company for being the only
employee who is entitled to a pension based on his final salary.
http://bit.ly/2Hv1pNl
    
    Britain faced a constitutional crisis last night as Downing
Street accused House of Commons Speaker John Bercow of
sabotaging Theresa May's efforts to rescue her Brexit deal. http://bit.ly/2Ht2BAF
    
    The Guardian
    
    A committee of British MPs has taken the highly unusual step
of urging consumers to boycott the ticket resale firm Viagogo,
criticising Alphabet Inc's  GOOGL.O  Google for promoting the
website and calling for a review of laws against ticket touting.
http://bit.ly/2Hu16Cn
    
    Deutsche Bank's  DBKGn.DE  prospective merger with smaller
rival Commerzbank AG  CBKG.DE  threatens to unsettle the German
banking industry and puts 30,000 jobs at risk. http://bit.ly/2Hr4qyh
    
        
    The Telegraph
    
    British MPs have attacked the government's industrial
strategy, saying it is too focused on high-tech sectors and
fast-moving companies and ignores traditional industries. http://bit.ly/2HuZCaP
    
    The Serious Fraud Office and the Financial Conduct Authority
have arrested four people over the collapse of London Capital &
Finance Plc, raising the alarm for the thousands of people whose
investments are at risk. http://bit.ly/2HuUUda
    
    Sky News
    
    Accountancy watchdog Financial Reporting Council's audit
chief is quitting just days after British ministers confirmed
plans to replace it with a new body following controversy over
its approach to a string of corporate scandals. http://bit.ly/2Hr2XYN
    
    Andrew Davies, the construction executive hand-picked to
rescue Carillion Plc  CLLN.L  just weeks before the company's
collapse, will on Tuesday be named as the new boss of Kier Group
Plc  KIE.L , another of Britain's embattled building
contractors. http://bit.ly/2HrltQB
    
    The Independent
    
    UK technology business Worldpay Inc  WP.N , which used to be
part of taxpayer-owned Royal Bank of Scotland Plc  RBS.L , has
been sold to a U.S. rival, Fidelity National Information
Services Inc  FIS.N , for $43 billion. https://ind.pn/2Hu7zgM
    
    JD Sports Fashion Plc  JD.L  is to buy fellow retailer
Footasylum Plc  FOOT.L  in a deal valuing the company at more
than 90 million pounds ($119.32 million). https://ind.pn/2Huc76M
      

($1 = 0.7543 pounds)

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