March 7 (Reuters) - 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, could escalate.
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 five years.
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 three years.
LLOYDS BANKING GROUP TO PAY EXTRA 1BN POUND TO BUY BACK BONDS
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.
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 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.
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.