Sept 6 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.
DON'T GET AHEAD OF YOURSELVES: OSBORNE WARNS AGAINST
CELEBRATING THE RECOVERY
George Osborne has warned Conservative colleagues not to
"get ahead of themselves" in celebrating the recovery of the UK
economy. The Chancellor tried to cool signs of exuberance in the
Cabinet about Britain's recent economic performance.
FRESH FEARS OVER NORTH SEA SAFETY AFTER ELGIN LEAK
An extensive programme of repairs could be needed across
North Sea oil and gas operations in light of emerging evidence
of causes of last year's Elgin gas leak, experts have warned.
WORKERS' RIGHTS 'FLOUTED' AT APPLE IPHONE FACTORY IN CHINA
The new cheaper iPhone that Apple Inc will unveil
to a global audience on Tuesday is being produced under illegal
and abusive conditions in Chinese factories owned by one of
America's largest manufacturing businesses, investigators have
DIXONS RETAIL PAYS £58M TO SELL LOSS-MAKING ONLINE RETAILER
Dixons Retail is paying a German industrial group
69 million euros ($90.52 million) to take the loss-making online
retailer Pixmania off its hands. Shares in the electrical
retailer rose 7 percent after it revealed that France's
Pixmania, whose sales fell 32 percent in the first quarter,
would become part of Germany's Mutares group.
'BRING BACK WAGES COUNCILS TO FIGHT LOW PAY,' SAYS TUC
Unions will on Friday open up a new front in the battle over
Britain's low-wage recovery by challenging politicians to create
a new generation of industrial wages councils. Frances O'Grady,
the head of the TUC, has called on Ed Miliband to have "the
courage" to commit a future Labour government to interventionist
policies on low pay.
FIRST-TIME BUYERS SURGING - BUT THE LADDER IS SET TO BE
PULLED AWAY AGAIN
The number of first-time buyers has surged to its highest
level since 2007, but the next wave faces being blocked from the
property market as the size of deposits required to get on the
housing ladder spirals out of control.
MARIO DRAGHI TALKS DOWN EUROZONE RECOVERY
The president of the European Central Bank, Mario Draghi, on
Thursday moved to dampen enthusiasm about the health of the
eurozone despite the 17-nation bloc's emergence from recession
earlier this year.
JAPANESE SET TO GRAB GLAXO DRINKS
Japan's Suntory Beverage & Food Ltd is set to buy
the historic Lucozade and Ribena brands from GlaxoSmithKline Plc
for about 1.5 billion pounds ($2.34 billion).