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PRESS DIGEST- British Business - Nov 7
November 7, 2016 / 12:57 AM / a year ago

PRESS DIGEST- British Business - Nov 7

Nov 7 (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

German prosecutors have widened their investigation of the Volkswagen emissions scandal to include the company's new chairman.

Manufacturers are scaling back investment plans as the sector struggles against a "double whammy" of weak demand and political uncertainty.

The Guardian

Business leaders have urged the government to tackle the housing shortage by expanding the rental sector and creating incentives for older homeowners to vacate large properties.

Birds Eye fish fingers and Walkers crisps are asking supermarkets for price rises of up to 12 percent, in the latest standoff between household brands and retailers over the dramatic fall in the value of the pound.

The Telegraph

The investigation into Volkswagen's "dieselgate" emissions scandal has widened with German investigators now looking into the role of Hans Dieter Poetsch, chairman of the company's supervisory board.

Home loan broker London & Country Mortgages has shrugged off Brexit worries and decided to pursue a float that could be worth up to 300 million pounds.

Sky News

Tesco Bank has frozen the bank cards of thousands of customers after a suspected attempted fraud. Some customers tweeted that hundreds of pounds had disappeared from their accounts, with one saying the problems meant she would be "unable to feed my kids in school tomorrow".

Theresa May has fired a warning shot across Parliament's bows over Brexit as she heads off on a trade mission to India.

The Independent

Tesco Bank has been forced to block some customers' cards after thousands appeared to have been targeted by hackers.

Compiled by Subrat Patnaik in Bengaluru; Editing by Chris Reese

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