PRESS DIGEST- British Business - Dec 10

Reuters

Dec 10 (Reuters) - The following are the top stories on thebusiness pages of British newspapers. Reuters has not verifiedthese stories and does not vouch for their accuracy.

The Telegraph

BANKERS FACE 'ANNUAL HEALTH CHECK' UNDER REFORMS

Banks will be required to give regulators an annual healthcheck on all their senior staff to confirm they are suitable tokeep their "authorised" status in the UK. ()

DRAX'S 2 BLN STG 'CLEAN COAL' PROJECT WINS GOVERNMENTFUNDING

Plans to capture carbon dioxide emissions from powerstations and bury them under the North Sea moved a step closeron Monday as the British Government awarded funding to Drax to develop a proposed "clean coal" plant in Yorkshire.()

H&M COULD RAISE PRICES TO PAY FOR HIGHER WAGES

Swedish fashion giant H&M, which has 226 stores in the UK,has warned it could raise retail prices in order to pay betterwages to some of the world's poorest textile workers. ()

The Guardian

UK ECONOMY NEEDS SUSTAINED LOW INTEREST RATES, SAYS MARKCARNEY

Britain's economy needs sustained low interest rates to spurgrowth and repair the stricken banking sector, the Bank ofEngland Governor Mark Carney has warned, in a strong rebuttal ofcritics calling for a rapid rate hike in response to a gallopinghousing market. ()

ROYAL MAIL WORKERS WIN PAY INCREASE OF 9 PCT OVER THREEYEARS

Royal Mail staff will get a pay increase of morethan 9 percent over three years after the company and its unionannounced what they said was a groundbreaking legal agreement onindustrial relations at the newly privatised company. ()

The Times

RYANAIR BOWS TO PASSENGERS ON BAGGAGE

Passengers habitually stung by Ryanair's hefty feesfor overweight bags were given relief yesterday as the Irishairline halved its charges as part of an attempt to overhaul itsdismal reputation for customer service. ()

BRITONS FLICK SWITCH ON THE BIG SIX

The number of homes switching energy supplier to secure abetter deal hit a three-year high last month in the wake of theinflation-busting rises in gas and electricity bills. ()

The Independent

HSBC RETAIL ARM SPIN-OFF TALK FAILS TO IMPRESS THE CITY

City insiders today played down talk that HSBC could be planning to float off a slug of its UK High Streetbusiness with a potential value of 20 billion pounds ($32.77billion). ()

Rates

View Comments (0)