PRESS DIGEST- British Business - December 3

Reuters

December 3 - 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

RICHARD BRANSON ATTACKS QANTAS BOSSES AS FOREIGN OWNERSHIPROW HEATS UP

The British billionaire's outburst on his Virgin website follows Qantas' backing of a plan suggested byAustralian Treasurer Joe Hockey that foreign ownership rulesconcerning the country's flag carrier should be relaxed.

UK HOUSEBUILDING COMES OUT 'ALL GUNS BLAZING' WITH FASTESTGROWTH IN A DECADE

Housebuilding in November rose at the strongest pace since2003, according to Markit, as rising confidence and improvingcredit conditions helped to boost activity across the sector.

The Guardian

YOUNG WORKERS' PAY HAS TUMBLED SINCE FINANCIAL CRASH, SAYSTHINKTANK

The Resolution Foundation said younger workers faced analmost unprecedented squeeze on both the wages and employmentchances four years after the financial crash. The pay of workersin their 20s has tumbled by almost 12 percent since the peak ofthe recession, according to the thinktank.

OSBORNE STATIONERS GOES INTO ADMINISTRATION

Osborne Stationers, a high street chain founded nearly twocenturies ago, has gone into administration placing 140 jobs atrisk. Directors at the Birmingham-based company took thedecision amid the tough retail conditions it has faced since thestart of the downturn in 2008.

The Times

PUBLIC'S 40 PERCENT HOLDING IN EUROSTAR WILL BE SOLD OFF

The Government is to sell off its 40 percent stake inEurostar, the operator of high-speed passenger trains betweenLondon, Paris and Brussels.

KPMG WAS LOCKED OUT OF BRITANNIA'S BOOKS DURING CO-OPTAKEOVER

KPMG was blocked from examining Britannia Building Society'sloss-making corporate loan book during due diligence of thelender on behalf of the Co-operative Bank, it emergedon Tuesday.

Sky News

RIVAL LLOYDS BRANCH BIDDER URGED TO SUE BANK

The bidder which lost out to the Co-operative Group in the auction of 632 Lloyds Banking Group branches is being urged to consider legal action to recover the30 million pounds it spent on its bid.

MOULTON SIZES UP BID FOR AILING PAWNBROKER

Sky News has learnt that Better Capital, Mr Moulton'sinvestment firm, is among a pack of suitors examining offers forthe company after it was forced to put itself up for sale.

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