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PRESS DIGEST- British Business - Sept 11
September 11, 2017 / 12:06 AM / 3 months ago

PRESS DIGEST- British Business - Sept 11

Sept 11 (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

BP Plc is to call time on chairman Carl-Henric Svanberg's chequered seven-year reign by hiring headhunters to find a replacement. The oil giant is believed to be close to triggering a search process, although a formal decision has not yet been taken by the board. (bit.ly/2vO0m1z)

Emerisque Brands, a private equity firm founded by Ajay Khaitan, has entered exclusive talks to buy the fashion retailers Oasis, Warehouse and Coast from the Icelandic bank Kaupthing. (bit.ly/2vOqNE5)

The Guardian

The Middle East arm of Bell Pottinger is in talks to separate from the scandal-hit PR agency, as its parent prepares to go into administration as soon as Monday. (bit.ly/2vOcQGq)

Windfarms around Britain's coast will beat the planned nuclear power station Hinkley Point on price when the winning bidders for a 290-million-a-year pound pot of government subsidies are announced on Monday, experts predict. (bit.ly/2vOxkPj)

The Telegraph

Alphabet's Google Inc will launch a fightback against Brussels this week when the company lodges an appeal against its record monopoly abuse fine. The internet giant is expected to file the response to the European Commission's 2.4 billion euros ($2.88 billion) penalty on Monday, the deadline for submitting an appeal. (bit.ly/2vOxKFn)

BAE Systems Plc has revealed plans for an unmanned tank which could raise questions about Britain's policy on "robot warriors". The arms company envisions an autonomous combat vehicle supported by "fleets of smaller autonomous air and ground vehicles" which create a defensive perimeter around the tank. (bit.ly/2vOyom3)

Sky News

The crisis-hit support services group Carillion Plc will face a fresh blow on Monday with the departure of its finance chief after just nine months in the job. (bit.ly/2gVLLP3)

A sponsor of the Movistar professional cycling team is seeking to emulate the recent takeover of Rapha, the upmarket bikewear brand, by exploring a potentially lucrative sale. Endura, which is part-owned by a private equity firm, is considering appointing advisers after receiving a flurry of approaches to buy the business. (bit.ly/2vObwn2) ($1 = 0.8324 euros) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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