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PRESS DIGEST- British Business - June 26

Published 26/06/2019, 10:50 am
© Reuters.  PRESS DIGEST- British Business - June 26
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June 26 (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

Miner Rio Tinto Plc RIO.L and retailer Walmart (NYSE:WMT) Inc WMT.N are among companies whose shares have been put back on the "prospective buy" list at Norway's sovereign wealth fund after the investor found that they had mended their ways. https:// De La Rue Plc DLAR.L Chief Executive Martin Sutherland, enjoyed a 20 percent rise in his pay package last year despite presiding over profit warnings and a slump in the share price after missing out on a contract to print new British passports. https:// Guardian

UK's Worthing council has signed up with BoKlok, a company jointly owned by the Swedish retailer Ikea and construction firm Skanska SKAb.ST which specialises in factory-built housing that can be constructed at a low cost.https:// drug company AbbVie Inc (NYSE:ABBV) ABBV.N is to buy Allergan (NYSE:AGN) AGN.N , the Irish-based maker of Botox, for $63 billion in one of the biggest deals in the global pharmaceutical industry. https:// Telegraph

Britain's FirstGroup Plc FGP.L chairman is to leave after almost a third of shareholders backed calls by U.S. activist Coast Capital for him to be forced out of the transport giant. https:// Conduct Authority Chief Executive Andrew Bailey has argued that a flawed EU loophole is partly to blame for the crisis around Neil Woodford's flagship fund as MPs accused the regulator of being too slow to spot any issues. https:// News

Woodford Investment Management is on the verge of appointing PJT Park Hill, a division of the investment bank PJT Partners PJT.N to offload stakes in companies including Atom Bank and Oxford Nanopore. https:// Cook Group Plc's TCG.L bonding providers have hired PricewaterhouseCoopers to represent them in talks about the ‎company's future. https:// Independent

Britain's Southern (NYSE:SO) Water has agreed to pay a record 126 million pounds ($159.86 million) in fines and payments to customers for "serious failures" in its sewage treatment works and for deliberately misreporting its performance. https:// = 0.7882 pounds)

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