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PRESS DIGEST- British Business - Oct 12
October 12, 2017 / 12:14 AM / 2 months ago

PRESS DIGEST- British Business - Oct 12

Oct 12 (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

Frank Field, who heads the House of Commons Work and Pensions Committee, has written to the head of the Pension Protection Fund, the industry-funded lifeboat, querying a 7.5 million pound ($9.9 million) secured loan note granted to the fund by Greybull Capital, the private equity owner of collapsed airline Monarch. bit.ly/2i5zNmz

Eurasian Natural Resources Corporation, a Kazakh-owned mining company, has won the right to appeal against a judgment forcing it to hand over to the Serious Fraud Office legal documents from an internal corruption inquiry. bit.ly/2gcKQK6

The Guardian

Planning officials have ruled that Westminster council should reject plans by the multimillionaire owner of Classic FM to create the country's most expensive flat. bit.ly/2hBW5It

More than 300,000 people on low incomes were given a pay boost by the government's new 'national living wage', dispelling fears that the move to raise minimum salary levels would trigger widespread job losses. bit.ly/2yFKqDo

The Telegraph

Energy regulator Ofgem vowed to extend its price cap for customers using pre-payment meters to include 1 million households considered socially vulnerable. bit.ly/2hCd6T7

Upmarket grocer Booths has inked a deal with Amazon.com Inc's Amazon Fresh that will see its product become available for shoppers in southern England for the first time. bit.ly/2i6i2Dw

Sky News

Chancellor Philip Hammond has warned it is "theoretically conceivable" flights to Europe from the UK could be grounded if Britain leaves the EU without a Brexit deal. bit.ly/2yZwctm

Time Inc, the US-based media giant, is in advanced talks to offload its UK publishing empire to Epiris, a private equity investor. bit.ly/2yhrOrW

The Independent

Small businesses are now more worried about the future of the UK economy than they were in the aftermath of the Brexit vote last year, according to a report from research firm Capital Economics. ind.pn/2zgP3B2

The British Chambers of Commerce will issue a fresh warning about the possible devastating impact of Brexit on UK companies if a trade deal with the EU is not agreed upon by the end of the year. ind.pn/2xzF9IM

$1 = 0.7563 pounds Compiled by Bengaluru newsroom, Editing by Rosalba O'Brien

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