PRESS DIGEST-Sunday British business

Sun Oct 13, 2013 9:57am EDT
 
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LONDON Oct 13 (Reuters) - British newspapers reported the following business stories on Sunday:

The Sunday Times

CANADIANS PLOT 8 BLN STG RAID ON RBS ARM

One of Canada's biggest banks is considering an opportunistic swoop on Royal Bank of Scotland's American retail banking business. Toronto-Dominion Bank has long coveted Citizens, which is worth about 8 billion pounds ($12.8 billion).

UK GOVERNMENT THREATENS SERCO

Serco Group faces a six-week deadline to improve its performance and demonstrate "change and corporate renewal" or risk losing three big government contracts, including its 285 million pound ($454 million) prisoner escort contract.

GREEN LIGHT FOR GIANT NUCLEAR SUBSIDIES

Britain's coalition government is poised to unveil a landmark deal to underwrite construction of the UK's first new atomic power station for two decades. The agreement will guarantee tens of billions of pounds in subsidies over decades for EDF, the French nuclear monopoly, and China General Nuclear (CGN), Beijing's state-owned giant.

The Sunday Telegraph   Continued...