PRESS DIGEST- British Business - Nov 18

Reuters

The following are the top stories on the business pages ofBritish newspapers. Reuters has not verified these stories anddoes not vouch for their accuracy.

The Times

ABERDEEN TO SEAL 500 MLN STG DEAL FOR WIDOWS

Aberdeen Asset Management will this week unveil a500 million pound ($804.53 million) takeover of Scottish WidowsInvestment Partnership that will create Europe's biggestindependent fund manager.

Former Co-operative bank boss caught on camera paying fordrugs

The former chairman of the Co-operative Bank has apologisedfor his "stupid and wrong" behaviour after being caught oncamera paying for drugs.

The Telegraph

HELP TO BUY WILL DISTORT HOUSING MARKET, WARN BANK CHIEFS

Britain's biggest banks have warned the Chancellor that thelack of an end date to his flagship Help to Buy programme couldcause serious distortion in the housing market.

The Guardian

ROYAL MAIL PRIVATISATION: BANKERS TO FACE SELECT COMMITTEEAdvisers from Goldman Sachs and UBS will appear before MPs asconcern grows over IPO valuation.

ENERGY BILLS RISE BY 36 PCT IN THREE YEARSGas and electricity prices are rising at up to eight times therate of earnings, warns Citizens Advice

Sky News

THOMAS COOK OFFLOADS FOREIGN EXCHANGE UNIT

The UK-based tour operator will announce on Monday the saleof its foreign exchange arm to an RBS-backed rival.

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