PRESS DIGEST- British Business - July 28

Sun Jul 27, 2014 8:40pm EDT
 
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July 28 (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

RBS COULD CLAW BACK BONUSES FROM TURNAROUND DIVISION

Royal Bank of Scotland could claw back millions of pounds in bonuses from staff working for its controversial turnaround unit after it was revealed that the bank has set aside 17 million pounds ($28.86 million) in pay awards. (thetim.es/1rVCtgS)

RECKITT BENCKISER SET TO SPLIT OFF U.S. PHARMA DIVISION

Reckitt Benckiser, the maker of Nurofen and Cillit Bang, is likely to confirm it will spin off RBP, its American pharmaceuticals division, when it announces half-year results this morning. (thetim.es/1lKO39G)   Continued...