May 8, 2017 / 11:22 PM / 7 months ago

PRESS DIGEST- British Business - May 9

    May 9 (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
    The Co-operative Bank Plc          is set to admit that a
sale of its business has faltered, increasing the chances that
its American hedge fund owners will have to plough more capital
into the bank. (
    Premier Foods Plc         has struck a new five-year
licensing deal to make Cadbury cakes and desserts in a coup for
the British food manufacturer, which is battling to improve its
performance. (
    The Guardian
    Slower economic growth and quickening inflation present Bank
of England policymakers with a delicate balancing act when they
meet this week to set interest rates and agree new forecasts for
the UK as it heads toward an election and Brexit talks. (
    British Gas owner Centrica Plc         has warned that the
Conservative party's plans to cap energy bills could push up
average prices, as the company haemorrhaged customers at a rate
that could see it lose a million by year-end. (
    The Telegraph
    Motor financing software firm Alfa Financial Software, which
focuses on the multitrillion-dollar asset finance industry,
plans to float on the premium segment of the London Stock
Exchange next month. Alfa is eyeing stock market float that is
expected to value it at more than 800 million pounds ($1.03
billion). (
    Rolls-Royce Holdings Plc        has partnered with Turkish
industrial group Kale Group with the aim of building engines for
the country's new domestically-built fighter jet. (
    Sky News
    High street bank Barclays Plc          is to give its
customers more control over their debit cards in an effort to
crackdown on fraud. New features set to be rolled out will allow
consumers to introduce controls, including remotely lowering
their withdrawal limits at ATMs and turning off allowances for
online purchases, to help limit losses if card details are
stolen. (
    Telecoms watchdog Ofcom has said it is planning a review of
118 enquiry numbers after the cost of calls to the directory
lines spiralled over the last 15 years. (
    The Independent
    The UK's political parties must commit to supporting
entrepreneurs in their election manifestos in light of fears
over a potential black hole in post-Brexit funding for startups,
a leading business group has warned. (
  The equity crowdfunding platform Seedrs is to launch a
secondary market early this summer in a bid to improve liquidity
for its investors and encourage more individuals to pour cash
into early-stage companies. (

 ($1 = 0.7730 pound; $1 = 0.9160 euro)

 (Compiled by Bengaluru newsroom)

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