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PRESS DIGEST- British Business - June 7
June 7, 2017 / 12:26 AM / 6 months ago

PRESS DIGEST- British Business - June 7

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

Fred Goodwin has escaped having to defend himself in court over Royal Bank of Scotland 12 billion pounds ($15.49 billion) rights issue after a group of shareholders abandoned a lawsuit against the bank and former directors.

Tesco Plc has been criticised over the 142,000 pounds it paid to the supermarket's chief executive in relocation costs.

The Guardian

Lawyers representing Noel Edmonds have hit out at Lloyds Banking Group's proposed compensation scheme for victims of a fraud at the bank's HBOS Reading arm.

Burberry Group Plc is to hand Christopher Bailey shares worth 10.5 million pounds next month when day-to-day management of the luxury goods retailer switches to a newly recruited chief executive.

The Telegraph

Vodafone Group Plc will crack down on fake news and extremist material online, challenging Google and Facebook Inc to cut off the flow of money to "abusive and damaging" outlets.

Shareholders have rejected the appointment of Genel Energy's new non-executive director and staged a rebellion against a number of other resolutions at its annual general meeting.

Sky News

Apax Partners, which was a joint owner of New Look before selling it in 2015, and BC Partners, whose former investments include Phones 4U, tabled indicative offers for Shop Direct last week.

Greater Manchester Police say they have uncovered "significant evidence" in a car linked to Manchester bomber Salman Abedi.

The Independent

An overwhelming majority of people agree with Jeremy Corbyn that British involvement in foreign wars has put the public at greater risk of terrorism. ($1 = 0.7749 pounds) (Compiled by Bengaluru newsroom; Editing by Andrew Hay)

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