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PRESS DIGEST- British Business - Nov 28

Published 28/11/2016, 11:49 am
© Reuters.  PRESS DIGEST- British Business - Nov 28
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Nov 28 (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

* Tata Steel Ltd TISC.NS is plotting an investment spree that could pump 100 million pounds ($124.7 million) a year into its British steelworks - only eight months after hoisting a "for sale" sign over the former Corus empire. Bank of England Governor Mark Carney is working on a secret plan to keep British businesses in the single market for at least two years after the country leaves the European Union. Guardian

* About 160,000 UK households are to face higher energy bills in the new year after the collapse of GB Energy Ltd GBX.AX . The Equality and Human Rights Commission has written to the UK political parties asking them to tone down their Brexit rhetoric. Telegraph

* Ladbrokes Coral Group PLC LCL.L is reportedly weighing up a bid for Australia's largest bookie, Tabcorp Holdings Ltd TAH.AX in a deal that would cost the betting giant more than 2 billion pounds. Clydesdale Bank Chief Executive David Duffy has 'no concerns' on his ability to execute a Williams & Glyn's Bank Ltd IPO-WILL.L deal. News

* Sky News can reveal that executives from companies including Facebook (NASDAQ:FB), Citymapper and Love Home Swap will be appointed to Sadiq Khan's business advisory board. Sky News understands that The People's Trust, a new investment trust, will publish its approach to stewardship on Monday with a declaration that performance-related awards should be replaced by shares that form part of executives' basic salary and must be held for at least seven years. Independent

* Nigel Farage has announced plans to apologise to the American people on behalf of Britain for criticisms made of Donald Trump during his presidential campaign. http://ind.pn/2fFrMRE

* Nigel Farage has hinted he will back far-right National Front leader Marine Le Pen in next year's French presidential election. http://ind.pn/2fnIE0F

($1=0.80 pounds)

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