PRESS DIGEST- British Business - Feb 18

Wed Feb 17, 2016 8:28pm EST
 
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Feb 18 - 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

- Nearly 1,400 UK engineering jobs are to go after Bombardier Inc announced it was cutting its global workforce by 10 percent. The Canadian group is to shed 1,080 jobs from its Belfast aircraft plant and three other locations over the next two years, representing more than a fifth of its workforce. (thetim.es/219sExi)

- Rolls-Royce Holdings Plc has entered into talks with an American activist investor seeking a seat on the struggling engineer's board. The group said it had not yet decided whether to give ValueAct, a San Francisco hedge fund, a place on its board. (thetim.es/219tgTE)

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