PRESS DIGEST-British Business - Nov 13

  • Reuters
  • Stock Market News
PRESS DIGEST-British Business - Nov 13

Nov 13 - Here 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 Mail Plc RMG.L has lost its appeal against Ofcom's finding that it was guilty of market abuse designed to quash Whistl, a letter-handling rival. Former chancellor Philip Hammond has been appointed to the board of Ardagh Group, as a non-executive director and a member of the audit committee. Guardian

- Newsquest Media Group Ltd joins Reach Plc in bidding for JPI Media, which owns titles including the Scotsman and the Yorkshire Post. John McDonnell has accused McDonald's Corp MCD.N of failing to pay enough tax in Britain and demanded a wage rise for its workers and trade union rights to organise at its restaurants. Telegraph

- KPMG faces fresh embarrassment after former client Halfords Group Plc HFD.L was forced to take a £12-million($15.4-million) hit following an accounting change. Taxpayers could suffer a £100 million hit from British Steel Ltd even if a provisional deal to sell it to Chinese company Ningbo Fubang Jingye Group Co Ltd 600768.SS goes through. News

- A proposed offer for Eddie Stobart Logistics ESLE.L from its former controlling shareholder, DBAY Advisors, would be at a huge discount to the price at which its shares were suspended in August. Vodafone Group Plc VOD.L sank to a loss of £1.6 billion after a ruling by India's top court threatens to land it with huge fees and penalties. pounds)

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles