Nov 29 - 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.
ARGENTINA VOWS TO JAIL FALKLANDS OIL EXPLORERS
Argentina has threatened 15-year jail terms and fines of
more than $1.5 billion for Falklands oil explorers, in the
latest escalation of rhetoric over the disputed islands.
SPEEDY HIRE BOSS QUITS AFTER DISCOVERY OF 5 MILLION POUND
ACCOUNTING BLACK HOLE
The chief executive of Speedy Hire quit on Thursday
night after 26 years at the tool rental group, following the
discovery of 4.5 million-5 million pounds of dubious accounting
at its Dubai-based international division.
CARNEY CURBS CHEAP MORTGAGE SCHEME AMID HOUSING BUBBLE FEARS
The Bank of England has issued its clearest warning yet that
the recovery could be derailed by a property bubble, as it
overhauled a cheap lending scheme to cool the market.
SCANDALS PROMPT CUSTOMERS TO FLEE STRICKEN CO-OP BANK
Allegations of drug use by the Co-operative Bank's
former chairman and a string of investigations into
possible wrongdoing have prompted current account customers to
leave the beleaguered bank.
SUITORS PLOT CARVE-UP OF CO-OP INSURANCE ARM
Bidders for the struggling Co-operative Group's
insurance operations are looking to join forces in a move that
could prolong the eventual sale of the business.
BANK ACTS TO CURB HOUSE PRICE AND DEBT RISKS
The Bank of England has taken its first major step to clamp
down on rising house prices and ballooning household debt
levels, cutting the incentives for banks to lend to consumers.
RBS ACCUSER LAWRENCE TOMLINSON HITS OUT AT LAW FIRM CLIFFORD
CHANCE APPOINTED TO PROBE BANK'S ACTIONS
The Yorkshire businessman who has accused Royal Bank of
Scotland of deliberately killing off viable businesses
for profit was highly critical of the bank's decision to appoint
a top law firm to examine his allegations.
BRITAIN'S DEBT PROBLEMS 'EPIDEMIC', WARNS THINK TANK
The nation's debt problems have become an epidemic that
needs solving with a national campaign to bring the issue into
the open, similar to that undertaken by the government in the
1980s with AIDS awareness. That's the conclusion of a major
report from government think tank The Smith Institute, published
on Thursday in conjunction with debt charity Step Change.
HEDGE FUND SELLS UP AFTER FORCING CO-OP TO CEDE CONTROL OF
One of the U.S. hedge funds which forced the Co-operative
Group to cede control of its troubled bank has sold
its investment ahead of a crucial vote on a rescue 1.5 billion
NETWORK RAIL COULD BE FINED 80 MILLION POUNDS AFTER
INFRASTRUCTURE FAULTS CAUSE RISE IN DELAYS
Network Rail faces a fine of up to 80 million pounds if it
does not address worsening punctuality on the railways brought
about by a 1.2 billion pound underspend on maintenance, the
industry regulator has warned.