Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

PRESS DIGEST- British Business - Nov 9

Published 09/11/2016, 11:38 am
Updated 09/11/2016, 11:40 am
© Reuters.  PRESS DIGEST- British Business - Nov 9
MKS
-
NWG
-
RIO
-
FRAS
-
PFE
-
MDLZ
-

Nov 9 (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

Rio Tinto Plc RIO.L was embroiled in an alleged bribery scandal last night over a multimillion-dollar payment to a consultant. As news of the crisis broke, Rio Tinto suspended one of its most senior executives after uncovering a $10.5 million payment related to vast west African iron ore project. & Spencer Group Plc MKS.L is to shut 30 stores across Britain and retreat from 10 countries in an attempt to halt a precipitous plunge in profits. Guardian

Royal Bank of Scotland RBS.L has apologised to small business customers as it revealed a 400-million-pound bill to compensate them for poor treatment in the wake of the banking crisis. Direct's SPD.L board has said it did not know about or authorise an apparent attempt to secretly record a group of MPs who paid a surprise visit to its warehouse. Telegraph

U.S. drugs giant Pfizer Inc (NYSE:PFE) PFE.N will shut two of its three manufacturing plants in the UK in the next four years, putting 370 jobs at risk. has enlisted the help of spy agency GCHQ to assist its investigation of what is the most serious cyber attack ever launched against a British bank. News

Mondelez International Inc MDLZ.O , the maker of the iconic triangular Toblerone chocolate bar, has increased the spacing between the distinctive chunks and reduced its weight by almost 10 percent due to rising ingredient costs. Bank says it has resumed normal service for its customers after online transactions from current accounts were suspended because of a cyberattack. Independent

Deliveroo couriers have demanded union recognition and employment rights and are set to take legal action if the company rejects their request. http://ind.pn/2fBs7Dz

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.