PRESS DIGEST- British Business - April 10

April 10 Wed Apr 9, 2014 8:33pm EDT

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April 10 (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 Telegraph

TOP ECONOMISTS WARN GERMANY THAT EMU CRISIS AS DANGEROUS AS EVER

(link.reuters.com/beh48v)

The eurozone debt crisis is deepening and threatens to re-erupt on a larger scale when the liquidity cycle turns, a leading panel of economists warned in a clash of views with German officials in Berlin.

NEXT CHIEF LORD WOLFSON DONATES £4M BONUS TO STAFF

(link.reuters.com/ceh48v)

Lord Wolfson, the chief executive of Next Plc, has waived his £4m bonus for the second consecutive year and awarded it to the clothing retailer's staff.

The Guardian

LORD MYNERS QUITS CO-OPERATIVE GROUP

(link.reuters.com/sug48v)

Lord Paul Myners tendered his resignation in the face of mounting opposition to his plan to reform the way the country's biggest mutual Co-operative Group is run.

IMF WARNS EUROPE'S BANKING SYSTEM POSES THREAT TO GLOBAL FINANCIAL STABILITY

(link.reuters.com/feh48v)

The eurozone's creaking banking system poses a serious threat to global financial stability, according to the International Monetary Fund, which warned European leaders to accelerate plans to support weak banks and create a banking union.

The Times

ANNUITY SALES TAKE A HIT FROM OSBORNE'S PENSIONS REFORM

(link.reuters.com/geh48v)

Just Retirement, a specialist annuity provider, reported that the shock Budget measure "has had a material effect on individually underwritten annuity volumes", and warned that it would not meet the sales growth target of 7 per cent for its full year that had been flagged in February.

BRUSSELS DIVIDEND DEAL GIVES RBS PUSH IN RIGHT DIRECTION

(link.reuters.com/heh48v)

Royal Bank of Scotland inched closer to corporate normality yesterday after agreeing a deal with Brussels that paves the way for it to resume paying ordinary dividends and gives it more breathing space to complete a key disposal.

Sky News

CAR INSURANCE 'DROPS TO A FOUR-YEAR LOW'

(link.reuters.com/jeh48v)

Car insurance premiums are at a four-year low after a record 19 percent drop in the cost last year, according to Confused.com's car insurance price index.

IMF WARNS INVESTORS OVER 'ROCK-BOTTOM RATES'

(link.reuters.com/keh48v)

Investors are becoming dangerously reliant on rock-bottom interest rates, with many becoming so indebted they will face serious problems when borrowing costs rise, the International Monetary Fund (IMF) has warned. (Compiled by Aashika Jain in Bangalore; Editing by Lisa Shumaker)

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