December 27, 2017 / 12:56 AM / a year ago

PRESS DIGEST- British Business - Dec 27

Dec 27 (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.

The Times

- A thousand high-value manufacturing jobs are set to be lost in UK's Midlands because of the government's continuing failure to decide whether to support tidal lagoon marine power.

- The UK government has been told by the British Chambers of Commerce that it must strike a deal with Brussels that minimises barriers to trade because Europe will remain the main market for British companies for at least the next three years.

The Guardian

- Tesco Plc, the UK's largest retailer, has apologised after being hit with a series of complaints about the condition of its Christmas turkeys.

- Philip Hammond has come under pressure to publish another set of hidden documents relating to how a series of possible Brexit outcomes, including no deal, will impact on the economy.

The Telegraph

- Ministers have been privately accused by Britain's top retailers of helping fuel a sharp rise in shoplifting after it emerged that a 200-pound ($267.44) threshold for pursuing criminals has been quietly introduced.

- Biotech start-up Faron Pharmaceuticals Oy is preparing itself for a pivotal year in 2018 after poaching an executive from FTSE 100 giant AstraZeneca.

Sky News

- Four preserved foetuses were among human remains found when the FBI raided the warehouse of a man accused of running a fraudulent body-parts business.

- Retailers saw a quieter than expected start to the post-Christmas sales as footfall declined, according to a snapshot of high street and shopping centre visits across the country.

The Independent

- Sir Martin Sorrell, the chief executive of WPP Plc , suggests the xenophobic tone of the 2016 referendum campaign did serious harm that needs to be repaired and that Theresa May's Brussels deal on 8 December over European Union citizens' rights was merely the necessary first step.

$1 = 0.7478 pounds Compiled by Bengaluru newsroom ; Editing by Sandra Maler

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