May 14, 2019 / 12:36 AM / in a year

PRESS DIGEST- British Business - May 14

May 14 (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

Metro Bank may attract a new investor to take a large stake in the company as it battles to raise £350 million ($453.36 million) to shore up its balance sheet after a damaging accounting error. Hundreds of managerial and white-collar jobs are to go at Ford UK, many at its Dunton operation near Basildon in Essex.

The Guardian The former chief financial officer of Autonomy has been jailed for five years, after a US jury found him guilty of fraud over the $11.1 billion sale of the British software company to Hewlett Packard Enterprise Co in 2011.

Honda Motor Co Ltd has confirmed it will close its Swindon factory in 2021, ending any hopes that the jobs of 3,500 employees can be saved.

The Telegraph

Vodafone Group PLC has agreed to sell its New Zealand operation to a private equity consortium for €2.1 billion ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management . Competition authorities in Brussels have slapped the world's biggest brewer Anheuser-Busch InBev with a €200 million ($224.54 million) fine for blocking cheaper imports of Belgium's most popular beer.

The board of Argo Blockchain PLC embroiled in a shareholder row has attempted to rebuff a director nomination by a top shareholder who is trying to orchestrate a boardroom clear out.

Sky News The City of London Corporation will announce on Tuesday that Dr Rhian-Mari Thomas is to become the inaugural chief executive of Britain's Green Finance Institute.

The Independent

Metro Bank PLC has been forced to quash "false rumour" on social media that prompted customers to rush to some branches amid concerns that the lender may be running out of money. Transport company FirstGroup's response to its biggest shareholder trying to seize control of the board was to politely tell it to get off the bus. ($1 = 0.7720 pounds) ($1 = 0.8907 euros) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below