Aug 5 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.
'CHARNEY CAME UP CLEAN SO WE INVESTED,' SAYS INVESTOR LEA
Lyndon Lea, the millionaire polo-playing boss of British
private equity group Lion Capital, has defended his decision to
invest in American Apparel, the U.S. fashion retailer
that is embroiled in a bitter dispute with its founder.
DEMAND FOR HOUSES FUELS BOOM IN BUILDING
House building in Britain is increasing at the fastest rate
in more than a decade, creating record numbers of jobs as demand
for property continues to soar, according to the Chartered
Institute of Purchasing and Supply.
BT SPURNED IN 5 BLN STG BATTLE OF AIRWAVES
BT has been shunned by the government for a lucrative
deal to upgrade the way the emergency services communicate
during a major incident in a bitter disappointment for the
country's oldest telecoms operator.
EAST COAST MAINLINE PAYS TAXPAYERS 1 BLN STG SPARKING FRESH
Anger is growing over the return of the east coast mainline
to private hands after it emerged that it had generated 1
billion pounds for UK taxpayers since 2009.
PENSION EXPERT CALLS FOR TAX-FREE ISAS TO BE MADE LIFETIME
Tax-free Isas should be transformed into "lifetime" savings
accounts topped up with Treasury cash, according to Michael
Johnson, a research fellow at the Centre for Policy Studies
HELP FOR HOUSING COSTS IS FORCING UP THE UK BENEFITS BILL,
The growing housing benefit bill, particularly for those in
work, is responsible for much of the increase in welfare costs,
rather than out of work benefits for the idle poor, Labour will
say on Tuesday.
FRANCOIS HOLLANDE'S CUTS LEAVE FRANCE TRAILING BEHIND THE
UK, SAYS MOODY'S
Francois Hollande's efforts to tackle France's ballooning
deficit and kick-start its flagging economy have left the
country trailing behind rivals such as the UK, Moody's has
MET SIGNS 90 MLN STG IT DEAL WITH LOCKHEED-CAPITA-KPMG
Defence group Lockheed Martin, along with
out-sourcer Capita and consultancy KPMG, has
signed a 17-year, 90 million pound ($152 million) deal to
upgrade the Metropolitan Police's command-and-control system.
RAC GEARS UP FOR FLOAT WITH RAKE APPOINTMENT
CBI President Mike Rake is in talks to become chairman of
the RAC breakdown recovery service ahead of a potential 2
billion pound stock market listing.
EX-WILLIAM HILL CHIEF BACKS SCOTTISH YES VOTE
The former boss of Britain's biggest bookmaker, Ralph
Topping, will declare his support on Tuesday for an independent
Scotland, arguing that pro-union campaigners have been guilty of
"political posturing" whose arguments lack economic logic.
($1 = 0.5930 British Pounds)
(Compiled by Esha Vaish in Bangalore)