July 11, 2018 / 11:58 PM / 6 days ago

PRESS DIGEST- British Business - July 12

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

The chairman of KPMG has hit back at MPs in charge of the inquiry into the collapse of Carillion Plc who called the firm's audit of the outsourcing group "complacent." bit.ly/2maij76

Britain's largest housebuilder, Barratt Developments Plc , has shaken off fears of a slowdown in the property market and vowed to become "bigger than it has ever been." The company completed 17,579 homes in the year to June, compared with 17,395 a year earlier. bit.ly/2m7Ezyu

The Guardian

BT Group Plc has been hit by a significant shareholder rebellion over its outgoing Chief Executive Gavin Patterson's 2.3 million pound ($3.04 million) pay packet. bit.ly/2mcIavo

Comcast Corp has moved swiftly to table a 26 billion pound offer to buy Sky Plc, trumping Rupert Murdoch within hours of the media mogul tabling a new 24.5 billion pound offer. bit.ly/2m9iShx

The Telegraph

Micro Focus International Plc has admitted that its troubled 6.6 billion pound merger with Hewlett Packard Enterprise Co's software division is a year behind schedule as it revealed a revenue fall that sent shares sliding. bit.ly/2m9qYGQ

The board of mining behemoth Glencore Plc has formed a separate committee to handle a potentially highly damaging probe into its activities by the U.S. Department of Justice. bit.ly/2mbQ5ZT

Sky News

Tim Martin, founder and chairman of pub chain JD Wetherspoon, has attacked Theresa May's plans for leaving the European Union and criticised the prime minister for seeking a deal with "unelected EU representatives." bit.ly/2m8gU10

Facebook Inc is to be hit with the maximum 500,000 pound ($663,000) fine over data protection breaches related to the Cambridge Analytica scandal. bit.ly/2m7DarI

The Independent

Law firm Leigh Day has lodged 1,000 equal pay claims against Tesco Plc, and estimated that the legal action could cost the supermarket as much as 4 billion pounds in compensation payouts. ind.pn/2m9ljR9

The West Midlands has been highlighted as a "bright spot" in what was a weak second quarter for house prices across the UK in general. ind.pn/2m98E0B ($1 = 0.7573 pounds) (Compiled by Bengaluru newsroom)

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