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PRESS DIGEST- British Business - Dec 5

Dec 5 (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


A boardroom clash at Expedia Group Inc, the online holiday booking group, has prompted the departure of its chief executive Mark Okerstrom and chief financial officer Alan Pickerill. http://bit.ly/2qld4aq


Boris Johnson has pledged that he would hold a tax-cutting budget within weeks of Britain leaving the European Union as part of an attempt to revitalise his election campaign. http://bit.ly/2DIHM0n



The Guardian


Almost 1.1 billion pounds ($1.41 billion) has been wiped off the value of the exercise bike firm Peloton after a backlash against a Christmas advert widely derided as "sexist and dystopian." http://bit.ly/2Pcq76E


The billionaire hedge fund manager Sir Chris Hohn paid himself 200 million pounds last year, slightly more than his Children's Investment (TCI) fund made in profit. http://bit.ly/2OPNLH3


The Telegraph


Eddie Stobart Logistics Plc has lined up Deloitte to prepare it for insolvency if investors reject a rescue led a secretive offshore fund, sources said. http://bit.ly/361fWsc


Tens of thousands of savers have been blocked from taking cash out of a 2.5 billion pounds M&G Plc property fund after a stampede for the exits - but will still be charged fees of nearly 300,000 pounds a week. http://bit.ly/2YjgkzI


Sky News


Up to 2,500 jobs have been safeguarded at Clintons after the greetings card chain was sold back to its existing owners as part of a rescue deal. http://bit.ly/2YhuKjP


The Chief Executive of Metro Bank Plc Craig Donaldson is to step down after a decade in the job following a turbulent year for the lender. http://bit.ly/2ORZFQF



The Independent


Environmental lawyers have launched an unprecedented complaint against BP Plc for "greenwashing" its image with an advertising blitz that promotes the oil company's environmental credentials. http://bit.ly/2ONfCaG


($1 = 0.7794 pounds) (Compiled by Bengaluru newsroom)