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PRESS DIGEST- British Business - Feb 15

Published 2018-02-14, 07:45 p/m
© Reuters.  PRESS DIGEST- British Business - Feb 15
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Feb 15 (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

* Jeff Fairburn, chief executive of Persimmon PSN.L, is in line for one of the largest bonuses in U.K. corporate history, currently set to be as much as 100 million pounds ($140.03 million). Sterling will plunge more than 15 percent from current levels if Britain leaves the European Union in a disorderly fashion, the International Monetary Fund has warned. Guardian

* British workers are set for the biggest annual pay rise in a decade, according to forecasts from the Bank of England's agents, as the rising minimum wage and staff shortages finally begin to lift wages above inflation. GVC GVC.L , the online gambling firm behind Foxy Bingo, has been fined 350,000 pounds for "repeatedly misleading consumers" with offers of free bonuses, on the same day that regulators announced a crackdown on gambling adverts. Telegraph

* An independent U.S. trade body on Wednesday said it rejected hefty duties on Bombardier's BBDb.TO C-Series jets partly because Boeing (NYSE:BA) BA.N lost no sales or revenue when Delta Air Lines (NYSE:DAL) ordered the aircraft in 2016 from the Canadian planemaker. The chief executive of Galliford Try GFRD.L has said that the cost of a troublesome road project in Aberdeen, one of the contracts which sunk fellow contractor Carillion CLLN.L , will be more than 150 million pounds higher than it had initially thought. News

* The parent company of Barratt, Dip Dab brands, Tangerine Confectionery, will be auctioned later this year by its owner, the private equity behemoth Blackstone (NYSE:BX) BX.N . The European Union economy grew at its fastest rate in 10 years in 2017, registering a 2.5 percent increase on the year before. Independent

* British lawmakers have called for urgent action over an erupting pensions misselling scandal after finding that financial advisers exploited thousands of savers for "cynical" personal gain. https://ind.pn/2CmCm8a

* Major banks including Goldman Sachs (NYSE:GS) GS.N and JP Morgan JPM.N have been called out by Conservative MP and head of the influential Treasury Select Committee Nicky Morgan for failing to sign the Women in Finance Charter, which pledges to promote gender diversity across their businesses. https://ind.pn/2ClimTr

($1 = 0.7141 pounds)

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