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PRESS DIGEST- British Business - May 17

Published 2018-05-16, 07:50 p/m
© Reuters.  PRESS DIGEST- British Business - May 17

May 17 (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

Britain's chief accounting regulator singled out Carillion Plc CLLN.L for commendation as a model of good accounting practice only months before it began to implode. Gilbert, co-chief executive of Standard Life Aberdeen SLA.L , is taking a five-month leave of absence from commodities group Glencore Plc GLEN.L to give him more time to devote to his role as deputy chairman of Sky SKYB.L , which is at the centre of a takeover battle. Guardian

Deliveroo said it will hand out 10 million pounds ($13.54 million) of shares to 2,000 employees – but not to the thousands of couriers who deliver takeaway food for the company. Ramsay's restaurant group, Kavalake, has swung to a multimillion pound loss as it plans to shut one of its flagship venues, Maze in London's Mayfair, and open five new restaurants overseas. Telegraph

Capita Plc CPI.L put patient safety at risk, including incorrectly informing dozens of women that they were no longer part of the cervical screening programme, as it struggled to manage an NHS support services contract which was supposed to save the health service millions of pounds, a National Audit Office (NAO) investigation has found. oil major Total SA TOTF.PA may turn its back on its $1 billion (738.55 million pounds) Iranian gas project within six months unless it can clinch a sanctions waiver for the project from the U.S. government. News

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The new chief executive of Royal Mail (LON:RMG) Group has been paid nearly 6 million pounds to buy him out of his contract in a move that could spark fury among former state-owned company's trade unions and shareholders. Plc MTC.L will on Thursday take the extraordinary step of rehiring the chief executive it sacked last ‎month as it unveils a rescue plan involving the closure of 50 high street shops. Independent

BHP Billiton Plc BLT.L faces legal action from shareholders who say the mining giant misled them over safety measures at a dam in Brazil which broke, killing 19 people and causing Brazil's worst ever environmental disaster. https://ind.pn/2L5uVrr

The troubled transatlantic airline Primera Air has abruptly cancelled its maiden flight from Stansted to Toronto, blaming a "delay of aircraft delivery from manufacturer". https://ind.pn/2IrMtR6

(1 British pound = $1.3540)

($1 = 0.7386 pounds)

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