Press Digest: British Business - June 15

Sanrio Co

15/06/2017 24:40

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 
    * Most skilled workers from the EU who are employed by large 
companies are likely to leave the UK before Brexit, according to 
a survey by Baker McKenzie. http://bit.ly/2rteDlY 
     
    * The chief executive of News Corporation accused Google 
 GOOGL.O  and Amazon  AMZN.O  of doctoring search results for 
commercial gain and said their deliberate manipulation of search 
algorithms amounted to a "charlatan's charter". http://bit.ly/2rt4uWk 
     
    The Guardian 
    * Netflix  NFLX.O  and Amazon are set to overtake the cinema 
multiplex after a report by PwC predicted that revenues from 
streaming film and TV shows in the UK will exceed box office 
takings by 2020. http://bit.ly/2rt9evl 
     
    * The Duke of Westminster's property group, Grosvenor Group, 
 is to build 1,500 rental homes in south-east London, one of the 
capital's biggest "build to rent" developments. http://bit.ly/2rtbiDE 
           
    The Telegraph 
    * Accountancy firms have been warned of a gap in quality 
between their audits of big businesses and those of smaller 
firms, which are increasingly flawed, according to the Financial 
Reporting Council. http://bit.ly/2rsV7Gp 
     
    * Nick Hugh has been named as the new chief executive 
officer of Telegraph Media Group, taking over from Murdoch 
MacLennan who has run the publisher of The Daily Telegraph and 
The Sunday Telegraph since 2004. http://bit.ly/2rsXRne 
     
    Sky News 
    * Expectations have grown among a number of current and 
former Barclays  BARC.L  executives that the SFO plans to charge 
both the bank and several individuals in connection with the 
inquiry, which has focused on arrangements struck with a Qatari 
sovereign wealth fund in 2008, according to Sky News. http://bit.ly/2rsUFrH 
     
    * Pay growth has slowed sharply to a weaker-than-expected 
1.7 percent, tightening the squeeze on households as inflation 
turns higher, official figures show. http://bit.ly/2rtfpiX 
 
    The Independent 
    * The UK Government handed Shell  RDSa.L  a 112 million 
pound ($142.83 million) tax rebate last year, despite the oil 
giant making billions of pounds in profits. Most of the payment 
from HM Revenue and Customs is a contribution towards Shell's 
costs for decommissioning its North Sea oil and gas fields. http://ind.pn/2rtfz9Y 
     
    * The EU has launched antitrust investigations into Nike 
 NKE.N , Universal Studios and Sanrio Co Ltd  8136.T , owner of 
the Hello Kitty brand, over their licensing and distribution 
practices within the single market. http://ind.pn/2rsZjGc 
     
 
 
($1 = 0.7841 pounds) 
 
 (Compiled by Bengaluru newsroom) 
 ((globalnewsmonitoring@thomsonreuters.com)) 
 
Keywords: BRITAIN PRESS/BUSINESS