September 8, 2017 / 12:10 AM / 10 months ago

PRESS DIGEST- British Business - Sept 8

Sept 8 (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

- Eicher Motors Ltd, the Indian company that owns Royal Enfield, is set to make a binding bid to buy Volkswagen-owned Ducati of up to $2 billion by the deadline at the end of the month, according to a report in the Economic Times.

- The votes of a single City investment house, Schroders Plc , saved Keith Hellawell, the Sports Direct International Plc chairman. Schroders confirmed that it had voted its 5.05 percent stake in support of Hellawell at the retail group's annual meeting on Wednesday.

The Guardian

- Jaguar Land Rover Automotive Plc has become the latest large carmaker to say it will stop launching new models solely powered by internal combustion engines, two months after Volvo AB pledged to do so.

- Increases in payouts to victims of car crashes and botched operations are to be scaled back after a furious backlash by the insurance industry against Ministry of Justice plans.

The Telegraph

- Bovis Homes Group PLC's share price has soared more than 8 percent as its new Chief Executive Greg Fitzgerald updated investors on his strategic review.

- Charlotte Hogg, who resigned from the Bank of England earlier this year after failing to declare her brother's job at Barclays Plc, has been named the new head of Visa Inc's Europe business.

Sky News

- Public relations firm Bell Pottinger Private Ltd is on the brink of collapsing into administration, just days after controversial work for a South African client led to its expulsion from its industry association.

- British Airways faces union opposition over its plans to address a "significant and growing" funding deficit by closing its main pension scheme.

The Independent

- European Central Bank President Mario Draghi has sounded a warning about the rapid appreciation of the euro and said there were concerns expressed by "most members" of the ECB's governing council at its meeting this week over the euro exchange rate.

- Consumer goods giant Unilever NV has snapped up tea group Pukka Herbs Ltd.

Compiled by Bengaluru newsroom; Editing by Cynthia Osterman

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