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.
BANKS ‘ABUSED’ LOAN GUARANTEE FOR FIRMS
The Serious Fraud Office is examining allegations that government schemes designed to increase lending to small businesses have been abused by high street banks.
The board of Carillion is weighing up options to sweeten its proposal for a 3 billion pound merger with Balfour Beatty.
INTEREST RATES WILL RISE BEFORE REAL PAY STOPS FALLING, SAYS CARNEY The Bank of England governor says the economy is halfway there, but the most difficult part of the UK’s recovery lies ahead
‘GET NEW INDEPENDENT DIRECTORS AT BETFAIR’, SAYS PENSION FUND
The Local Authority Pension Fund Forum (LAPFF) has called for “new independent directors” to be appointed to investigate the Betfair’s dividend payments over the past three years and the role of its directors and auditors, KPMG.
Blackstone and TPG, the U.S.-based private equity groups, are close to securing a takeover of sub-prime mortgage lender Kensington, which is owned by the Anglo-South African financial services provider Investec. (Compiled by Karen Rebelo; Editing by Eric Walsh)