March 7 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.
UKRAINIAN TENSIONS COULD HAVE SERIOUS IMPLICATIONS FOR
EUROPE - DRAGHI
Tensions in Ukraine could pose a "very serious" threat to
the rest of Europe, Mario Draghi has warned. The president of
the European Central Bank (ECB) said the impact of the Ukrainian
crisis on the energy market, while minimal in the short term,
UK HOUSE PRICE GROWTH 'APPROACHING MADNESS'
The speed UK property prices are rising at is "approaching
madness", analysts have warned, after data showed house prices
jumped 2.4 percent in February, the biggest monthly increase in
LOSS-MAKING RBS TO GIVE MILLIONS IN SHARES TO EXECUTIVES
Royal Bank of Scotland is poised to release millions
of pounds worth of shares to its top executive team through
bonus schemes put in place by the loss-making bank over the last
LLOYDS BANKING GROUP TO PAY EXTRA 1BN POUND TO BUY BACK
The bailed-out Lloyds Banking Group is to take an
unexpected 1 billion pound accounting charge as the result of a
complex scheme to buy back financial instruments it issued
during the banking crisis.
BNP TRADER SUSPENDED AS FOREX SCANDAL ESCALATES
A senior currency trader who served on the Bank of England's
foreign exchange committee has been suspended by his bank BNP
Paribas, dealing a further blow to London's position
as the world's leading centre for forex trading.
BP CHIEF GIVEN HUGE PAY RISE AS REWARD FOR PLAYING IT SAFE
BP more than tripled its chief executive's pay to
$8.7 million last year after it hit new performance targets put
in place after the Gulf of Mexico disaster in 2010.
CURTAIN TO FALL ON BARCLAYS' 120-YEAR AUDIT
Barclays is to end its 120-year audit relationship
with PricewaterhouseCoopers (PwC) and appoint one of
its main rivals in the latest shake-up at the embattled bank.
SHELL BOSS REJECTS SCOTTISH INDEPENDENCE
The chief executive of Royal Dutch Shell has said
he wants Scotland to remain part of the UK. At the company's
annual reception in London, Ben van Beurden said he valued the
"continuity and stability" of the UK.