Press Digest: British Business - Jan 16

Shawbrook

16/02/2015 01:16

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 
     
    Royal Bank of Scotland's  RBS.L  former chairman and senior 
directors stand to make millions in the planned stock market 
listing of Shawbrook Bank  IPO-SHAW.L . (http://thetim.es/1MoYbot) 
     
    Britain's competition regulator will warn energy companies 
this week that they are giving longstanding customers a raw deal 
and should ensure that they are treated the same way as those 
who switch suppliers. (http://thetim.es/1CxG6iC) 
     
    The Guardian 
     
    Low oil prices and inflation will help Britain record its 
fastest growth since the financial crisis, according to the CBI. 
(http://bit.ly/1yIuAfw) 
     
    Two national indices published on Monday paint sharply 
contrasting portraits of the UK property market, adding to 
erratic data over the past month that has left economists 
increasingly puzzled. (http://bit.ly/1Ach1bY) 
         
    The Telegraph 
     
    A Greek exit from the euro zone appears inevitable and 
Britain must insulate itself from the effects, former Chancellor 
Ken Clarke has warned. (http://bit.ly/1zGi6VK) 
     
    City Link owed its suppliers 30 million pounds ($46.26 
million) when it controversially collapsed into administration 
on Christmas eve, documents from the company's directors have 
revealed. (http://bit.ly/1EeVv7h) 
     
    Sky News 
     
    The consolidation of London's professional services industry 
will accelerate this week when a division of Zolfo Cooper, an 
adviser on corporate restructurings, is snapped up in a deal 
worth just under $100 million. (http://bit.ly/1CxHrWA) 
     
    Tesco PLC  TSCO.L  has approached the former Conservative MP 
Archie Norman about becoming its chairman as the UK's biggest 
retailer nears a decision on a crucial component of its revival 
plan. (http://bit.ly/1B9ZJiL) 
     
    The Independent 
     
    Virgin Media  VMII.UL  has announced it is investing 3 
billion pounds in expanding its fibre optic broadband network - 
in a move that will create 6,000 UK jobs. (http://ind.pn/1yv9HnK) 
     
    UK's Labour has said that bankers who engage in 
"inappropriate behaviour" could face having their bonuses clawed 
back up to 10 years after they were awarded if the party comes 
to power in May. 
 
($1 = 0.6486 pounds) 
 
 (Compiled by Aurindom Mukherjee; Editing by Nick Zieminski) 
 ((aurindom.mukherjee@thomsonreuters.com; within U.S.+1 646 223 
8780; outside U.S. +91 80 6749 4755; Reuters Messaging: 
aurindom.mukherjee.thomsonreuters.com@reuters.net)) 
 
Keywords: BRITAIN PRESS/BUSINESS