September 6, 2017 / 12:22 AM / 10 months ago

PRESS DIGEST- British Business - Sept 6

Sept 6 (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 North Sea oil industry must "earn its right to grow", Royal Dutch Shell PLC warned yesterday as an industry report from Oil & Gas UK, said that more capital investment was urgently needed to prevent a steep drop in production.

- One of the world's most "powerful" aerospace parts companies has been formed with the $30 billion takeover of Rockwell Collins Inc by United Technologies Corp .

The Guardian

- UK PR firm Bell Pottinger is facing a fight for survival as a string of clients and senior staff quit in the wake of a scandal over its secret campaign to stir up racial tensions in South Africa.

- Business leaders have blamed the uncertainty created by Britain's vote to leave the European Union for the slowest pace of output growth in the services sector for almost a year.

The Telegraph

- The BBC will launch a salary review of presenters and rank-and-file staff in an attempt to quell anger sparked over the corporation's gender pay gap.

- Lego is shedding 1,400 staff as a decade long-run of sales growth ends after expansion failed to deliver expected sales growth.

Sky News

- The Communications Workers Union is to ballot more than 100,000 of its members working for Royal Mail PLC over industrial action.

- Liberal Democrat leader Vince Cable has demanded the government act to protect UK firms from foreign takeovers that are not in the public interest in the wake of the 3 billion pound ($3.91 billion) merger between Aveva Group PLC and Schneider Electric SE.

The Independent

- The Bank of England has reached an agreement with its striking workers over pay. Unite, the union representing the bank's staff, said its members had voted to accept a revised offer.

- Britain's economic model is "broken" and failing to generate rising prosperity for most of the UK population, according to a report by the IPPR's Commission on Economic Justice.

$1 = 0.7668 pounds Compiled by Bengaluru newsroom; Editing by Sandra Maler

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