PRESS DIGEST- British Business - June 4

Tue Jun 3, 2014 8:34pm EDT
 
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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 Telegraph

ROYAL BANK OF SCOTLAND CAPS RISKY MORTGAGES

Royal Bank of Scotland has become the second bank in the space of two weeks to limit risky mortgage lending amid fears of unsustainable house price inflation. (link.reuters.com/qez79v)

UK DEALMAKING DROPS TO LOWEST LEVEL ON RECORD

Takeover activity between British companies fell to its lowest level on record during the first quarter of the year, according to official figures. (link.reuters.com/rez79v)

UK HOUSE PRICES SURPASS PRE-CRISIS LEVELS TO HIT NEW HIGH   Continued...