May 14, 2018 / 12:13 AM / in a year

PRESS DIGEST- British Business - May 14

May 14 (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

The chairman of WPP Plc is facing a shareholder backlash over the advertising company's secretive ousting of Martin Sorrell after a leading advisory group recommended that investors oppose his re-election at next month's annual meeting.

One of UK's biggest investment managers, M&G Investments, has warned that banks will be forced to raise mortgage rates as cheap money provided by a closed Bank of England scheme runs out.

The Guardian

UK has no need to build new large gas-fired power stations to replace the coal plants that the government has pledged to switch off by 2025, the World Wide Fund for Nature has argued.

The Telegraph

Virgin Media and TalkTalk Telecom Group Plc are working on a deal to share the cost of new ultrafast broadband networks and dial up the pressure on BT Group Plc.

A senior British scientist who is one of the leading minds in artificial intelligence (AI) has warned against self-driving cars, arguing they are not safe because engineers cannot predict how their creations will behave "while in the wild".

Sky News

LVMH, the luxury goods behemoth behind brands such as Christian Dior and Fendi, is leading a multimillion-pound injection of funds into Lyst, the UK-based fashion search engine.

Former bosses of Carillion Plc, the construction group that collapsed with debts of as much as 7 billion pounds ($9.49 billion), should face a formal inquiry into their fitness to serve as company directors, MPs will say this week.

The Independent

Royal Dutch Shell Plc, Italian oil giant Eni and a number of senior executives at the two firms face trial in Milan on Monday over corruption charges relating to a $1.1bn deal for a Nigerian oil block.

The gender pay gap is 91 percent for people earning 1 million pounds or more annually in UK financial services companies, and it is getting wider, according to new research from employment law specialists Fox & Partners.

$1 = 0.7380 pounds Compiled by Bengaluru newsroom

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