December 4, 2017 / 1:44 AM / 3 months ago

PRESS DIGEST- British Business - Dec 4

Dec 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

- Toys r Us is poised to enter a company voluntary arrangement, which will leave up to a third of its 105 British shops facing closure and about 800 staff out of work.

- Heathrow will not be able to expand to its promised 740,000 flights a year because of safety flaws involving its third runway, according to a report by the engineering consultancy Ebeni.

The Guardian

- Hundreds of thousands of UK children and older people have been plunged into poverty in the past four years, according to an analysis by Joseph Rowntree Foundation.

- Ministers are expected to back the first generation of small nuclear power stations in Britain with tens of millions of pounds this week, in an attempt to give the UK a competitive edge on the technology and provide a new source of clean power.

The Telegraph

- Facebook has opened a new office in London and has pledged to hire 800 new staff in the UK over the next year.

- Rio Tinto has named former Anglo American executive Simon Thompson as its new chairman.

Sky News

- Financial Reporting Council (FRC) will publish a consultation on revisions to the UK corporate governance code, which will include giving remuneration committees a formal responsibility to demonstrate the alignment between boardroom and workforce pay.

- Vodafone has told Deloitte, EY and K‎PMG in the last few weeks that it may ditch PricewaterhouseCoopers audit contract because of the 2014 collapse of Phones 4U.

The Independent

- MPs have raised serious concerns about the post-Brexit regulation of the pharmaceuticals sector, warning that the UK's departure from the EU could make Britain a less desirable place for investment and development.

Compiled by Bengaluru newsroom Editing by Sandra Maler

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