April 10 (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
- HSBC ( HSBC ) is selling its business in Argentina and
booking a $1 billion loss on the deal, the bank said on Tuesday,
as it continues to shrink its once globe-spanning empire to
focus on Asia.
- British clothing retailer Next and fashion group
Frasers ( SDIPF ) have expressed an interest in buying fashion
group Ted Baker's European retail division.
The Guardian
- The Sun lost 66 million pounds($83.64 million) last year
and its online audience dropped by 4 million readers as the
newspaper continued to grapple with the fallout from the
phone-hacking scandal.
The Telegraph
- The EU will investigate subsidies received by Chinese
suppliers of wind turbines destined for Europe, in the bloc's
latest move to shield domestic firms from cheap clean tech
products.
- Lionel Desclée, the chief executive of Very Group, has
quit after less than two years in the job, as lenders circle the
Barclay family's retail empire.
Sky News
- CVC Capital Partners is considering unveiling plans for
its third attempt to go public in the Netherlands within the
next fortnight, even as fresh signs of market volatility cast
doubt on the prospective timetable.
The Independent
- Ola said on Tuesday it was exiting its ride-hailing
businesses in the UK, Australia and New Zealand as the startup
focuses on its home market India, where it is locked in a battle
for market share with Uber ( UBER ).
($1 = 0.7891 pounds)
(Compiled by Bengaluru newsroom)