Yahoo Finance PRESS DIGEST-British Business - April 29
April 29 (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
Barclays has delayed a 1 billion pounds ($1.25 billion) capital return to investors for a second time while it wrestles with the fallout from a blunder in its structured products business that has drawn the scrutiny of American regulators. https://bit.ly/3vqtYTJ
UK Secretary of State for Business Kwasi Kwarteng has agreed to hold further negotiations on the 2.6 billion pounds ($3.24 billion) takeover of Ultra Electronics, which could lead to the deal for the British defence company being approved if more commitments are made to allay national security concerns. https://bit.ly/3LuSCs7
The Guardian
Some of Britain's biggest seaports are considering legal action against the government to recover the costs of building border control posts they fear will never be used, after confirmation that post-Brexit import checks will be delayed for a fourth time. https://bit.ly/39pteG1
NatWest executives have avoided a shareholder rebellion despite a controversial new pay policy that could net its chief executive, Alison Rose, as much as 5.2 million pounds ($6.48 million) a year. https://bit.ly/3KqulC7
The Telegraph
Britain will never introduce post-Brexit physical checks on fresh food and plants being imported from the EU, under new plans being drawn up by Brexit Opportunities Minister Jacob Rees-Mogg. https://bit.ly/3vrdxql
Britain must speed up post-Brexit reforms and crackdown on its "anti-competitive" tax regime if it wants to retain London's crown as Europe's leading financial centre, senior bankers have argued. https://bit.ly/3kp6p7r
Sky News
The final three suitors for Chelsea Football Club have been handed an eleventh-hour demand to stump up 500 million pounds more to buy the club, just days before the potential anointment of a preferred bidder. https://bit.ly/37SE5rB
Car production continues to fall in the UK - almost 100,000 fewer vehicles were built in the first three months of this year than there were a year ago, figures from the Society of Motor Manufacturers and Traders showed. https://bit.ly/3ODlyzY
($1 = 0.8022 pounds) (Compiled by Bengaluru newsroom)
