May 23 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.
STOP PICKING ON UK COMPANIES, SAYS SSE BOSS IAN MARCHANT
Attacks by politicians on British listed companies risk
driving money and talent away to unaccountable foreign private
equity firms, SSE's chief executive has claimed.
HEAD OF WAITROSE MARK PRICE REFUSES TO MEET ME, SAYS OCADO
CHIEF TIM STEINER
The boss of Ocado has said Mark Price, the head of
Waitrose, is refusing to meet him after the online grocer struck
a partnership agreement with rival Wm Morrison.
GOOGLE CHIEF ERIC SCHMIDT: 'THE TAX REGIME IS NOT UP TO US'
The head of Google has denied the search giant's
tax operations were "unethical", as he claimed it was for
governments to create the laws and for businesses to abide by
FED CHAIRMAN BEN BERNANKE: STIMULUS PROGRAMME NOT CREATING
Federal Reserve chairman Ben Bernanke denied his $85
billion-a-month stimulus programme was creating new financial
bubbles as he updated Congress on his views on the U.S. economic
recovery on Wednesday.
OSBORNE PREPARES GROUND FOR RBS AND LLOYDS SELL-OFF
George Osborne is preparing to set out his plans to return
bailed-out Lloyds Banking Group and Royal Bank of
Scotland to the private sector after the International
Monetary Fund called on him to devise a "clear strategy" for the
UK RETAIL SALES SLUMP AS SHOPPERS BALK AT HIGHER PRICES AND
Retail sales slumped in April after shoppers balked at
rising prices and were reluctant to venture out to the high
street in one of the coldest springs on record. The Office for
National Statistics said retailers reported a 1.3 percent
decline in the amount of goods sold, with food shops the worst
FOOTSIE PARTIES LIKE IT'S 1999 AS SHARES APPROACH ALL-TIME
The FTSE 100 registered its second-highest close on record
as global stock markets continued to bet that central banks
would not pare stimulus spending, for now.
NATIONWIDE BUILDS ACQUISITIONS WARCHEST
Nationwide Building Society has sparked
speculation of a year of acquisitions by announcing plans to
raise capital. Graham Beale, Nationwide's chief executive, said
the UK's biggest building society did not need to raise
additional capital to meet regulatory demands but wanted to do
so for strategic reasons.
BRITVIC CANS 400 JOBS TO CUT COSTS BY 30 MLN STG
Britvic Plc on Wednesday announced plans to close
two factories with the loss of up to 400 jobs as it sought to
strengthen its bargaining hand in the event of fresh merger
talks with AG Barr.
TIME FOR PLAN B? IMF TELLS GEORGE OSBORNE TO EASE PACE OF
George Osborne has been urged to put his austerity programme
on hold by the International Monetary Fund in order to support
the anaemic economy.
'EUROPE'S TAX HAVEN' IRELAND FACES CRITICISM OVER APPLE'S
The Republic of Ireland has called for an international
clampdown on multinationals shifting profits around the world to
avoid tax, after criticism that Irish loopholes helped
technology giant Apple to shrink its tax bill.