PRESS DIGEST- British Business - Nov 15

Reuters

Nov 15 (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

BARCLAYS 'TO CUT 1,700 FRONTLINE STAFF FROM BRANCHES'

Barclays Plc will axe "cashiers, personal bankers,operational specialists, branch managers and assistant managerroles", according to Unite, as customers now use mobile phonesto do their banking.

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CENTRICA WARNS ON PROFITS - AND LOST APPETITE FOR INVESTMENT

British Gas owner Centrica Plc issued a profitswarning and said the political row over energy prices makes itless likely to invest in new UK power plants.

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The Guardian

EUROZONE ECONOMIC RECOVERY FALTERS IN THIRD QUARTER

The eurozone's economic woes persisted in the third quarteras Italy's longest recession continued and a contraction inFrench output dragged growth down to 0.1 percent.

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BURBERRY'S NEXT BOSS TRIES TO REASSURE CITY ABOUT LEADERSHIPAND VISION

Burberry Group Plc's next chief executive,Christopher Bailey, who takes over from Angela Ahrendts inmid-2014, attempted on Thursday to reassure the City that he wasthe right person to steer the luxury fashion house into thefuture, as it announced six-monthly sales had for the first timetopped 1 billion pounds.

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The Times

NEVER AGAIN, VOWS DUBLIN AS IT ENDS BAILOUT FUNDING

Ireland proclaimed a remarkable comeback for its shatteredeconomy with a pledge to break free from its internationalbailout deal next month without the safety net of a back-upprogramme.

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RATE RISE CLOCK IS TICKING FOR POORER HOMEOWNERS, SAYS 'BADBANK' BOSS

An increase in interest rates could hurt customersstruggling with repayments at the nationalised lenders Bradford& Bingley and Northern Rock, the head of the state-run "badbank" has warned.

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The Independent

SERCO SHARES CRASH 17 PERCENT AS CRISIS TRIGGERS MASSIVEPROFITS WARNING

Allegations that it has been overcharging the governmentended up forced outsourcing firm Serco Group Plc topublish a profits warning for this year and next which led to a17 percent crash in its share price on Thursday, wiping some 450million pounds off its value.

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NPOWER OWNER SLASHES JOBS WHILE BRITISH GAS OWNER WARNS ONPROFITS

The German owner of British power giant Npower is slashingone in 10 jobs across Europe by 2016 as part of a fresh wave of"efficiency measures", although it refused to be drawn on howmany UK employees could be pushed out of work.

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