May 30, 2017 / 11:53 PM / 4 months ago

PRESS DIGEST-British Business - May 31

    MAY 31 (Reuters) - The following are the top stories on the
business pages of British newspapers. 
    NOTE: Reuters has not verified these stories and does not
vouch for their accuracy
    
    The Times
    Three former Tesco Plc          directors charged with fraud
are seeking to have the case against them dismissed, arguing
that no false accounting took place. (bit.ly/2qE1DER)
    
    Ryanair Holdings Plc         will lower ticket prices by up
to another 7 percent this year, but insisted that its plans to
fly a record 130 million passengers over the next 12 months
would also mean new levels of profitability. (bit.ly/2qE1OQx)
    
    The Guardian
    British Airways is still struggling to return baggage to
passengers as it attempts to salvage its battered reputation and
investigate the cause of a computer system outage that left
75,000 people stranded at the weekend. (bit.ly/2qE2yVU)
    
    Brussels is preparing to crack down on accountants and
lawyers running tax-avoidance schemes in response to the "Panama
Papers" scandal that showed how the rich and powerful hide their
money. (bit.ly/2qDPrnv)
        
    The Telegraph
    The Irish government has finally pushed the button on its
planned 12 billion euros ($13.40 billion) float of Allied Irish
Banks Plc          in what could be one of the biggest initial
public offerings in London in recent years. (bit.ly/2qDFC9c)
    
    BT Group Plc        faces a strike threat after unions said
they will consider industrial action if the company presses
ahead with the closure of its final salary pension scheme. (bit.ly/2qDK2gr)
   
    
    Sky News
    A consortium of retail investors is in talks to stitch
together a rescue deal for a cluster of womenswear brands,
including Jacques Vert and Windsmoor, backed by one of the
fashion industry's most prominent figures. (bit.ly/2qDAthi)
    
    The UK competition watchdog has launched an investigation
into Tesco Plc's          planned 3.7 billion pounds ($4.74
billion) takeover of wholesaler Booker Group Plc        . (bit.ly/2qE3hq6)
    
    The Independent
    The price of NHS treatment for tens of thousands of British
pensioners returning to the UK from Spain, France and other EU
countries after Brexit will hit a billion pounds, experts have
warned. (ind.pn/2qDGLOc)

 ($1 = 0.8953 euro; $1 = 0.7811 pound)

 (Compiled by Bengaluru newsroom)
  

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