July 3, 2017 / 11:33 PM / in 5 months

PRESS DIGEST- British Business - July 4

July 4 (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

* American International Group Inc has ousted British company Aviva Plc to become the sole seller of life insurance for Royal Bank of Scotland. (bit.ly/2skceGQ)

* The chief executive officer of AstraZeneca Plc sought to threaten and punish a key lieutenant by enforcing a 12-month notice period when his protege tried to defect to its rival GlaxoSmithKline Plc, according to court documents. (bit.ly/2tJPMv0)

The Guardian

* Carlsberg said it would buy Hackney-based London Fields Brewery, which has been up for sale since its founder was charged with tax fraud. (bit.ly/2tFqMEm)

* Bank of England's Threadneedle Street headquarters faces the first strike in its history after members of the Unite union voted for four days of industrial action in a dispute over pay. (bit.ly/2sjFn4N)

The Telegraph

* Four former Barclays Plc directors, including ex-Chief Executive Officer John Varley, have been released on bail after they made their first court appearance over the criminal charges for the actions they took during the financial crisis. (bit.ly/2uDADI0)

* French state-owned utility EDF has reignited fears over its troubled new nuclear project at Hinkley Point C after admitting it will cost the company over 20 billion pounds ($25.88 billion) and could be delayed by almost two years to 2027. (bit.ly/2sDZp9K)

Sky News

* Greg Clark, the business secretary, will hold talks with the new boss of Vauxhall's parent company this week as it prepares to finalise a takeover by France's PSA Group that will create Europe's second-largest car maker. (bit.ly/2tKlyId)

* More than half of UK firms do not think the government is prioritising their needs ahead of Brexit negotiations. (bit.ly/2tKoKDJ)

*Concerns have been raised about confidence among UK firms as a report highlighted the biggest slowdown in new manufacturing orders for almost a year. The closely watched Markit/CIPS UK Manufacturing purchasing managers' index (PMI) for June showed output at a three-month low as the country went to the polls for the snap general election. (bit.ly/2ujnIM2)

The Independent

* British energy regulator Ofgem is considering extending a price cap on bills to more households across the United Kingdom in a bid to crack down on the most vulnerable customers being overcharged for gas and electricity. (ind.pn/2ugtLko)

* Post Holdings Inc on Monday completed its takeover of British breakfast cereal brand Weetabix, giving it full control of one of the world's most popular breakfast foods. The company paid $1.7 billion to buy the brand from China-based Bright Food and private equity firm Baring Private Equity Asia. (ind.pn/2uhVgKk)

$1 = 0.7727 pounds Compiled by Bengaluru newsroom; Editing by Lisa Shumaker

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