PRESS DIGEST - British business - June 17

The Independent

SENIOR BANKER SAYS REFORMS MAY BE INSUFFICIENT

Standard Chartered (STAN.L) finance director Richard Meddings has warned that George Osborne's banking reforms will not do their job unless the Financial Policy Committee is prepared to intervene directly to stop markets overheating.

The Times

BBC APOLOGISES TO PRIMARK (ABF.L)

The BBC will make an on-screen apology to high street retailer Primark after it found a Panorama programme had "more likely than not" used fake footage of child labour in an episode about the chain's working practices.

DEATH KNELL FOR UK TRAIN INDUSTRY

The future of what is left of the British train manufacturing industry is in grave doubt after the Department for Transport awarded a 1.5 billion pound contract for 1,200 new carriages to Germany' Siemens (SIEGn.DE).

The Guardian

MULBERRY (MUL.L) EXPANDS UK FACTORY

British luxury brand Mulberry is expanding its Somerset factory after demand for its Alexa and Bayswater handbags saw annual profits more than quadruple.

The Telegraph

DANNY ALEXANDER WARNS ON PENSIONS

Public-sector workers risk even bigger cuts in their gold-plated pensions if they go ahead with strikes and reject government plans for reform, Danny Alexander warns.

(Summary compiled by Reuters)