July 2 (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
- Getty Images ( GETY ) has called off its planned merger
with Shutterstock ( SSTK ) due to the UK competition regulator's
requirement to sell Shutterstock's ( SSTK ) editorial business as a
condition for approval.
- Britain's water company United Utilities faced
criticism from proxy adviser ISS over a proposal to grant CEO
Louise Beardmore a 435,000 pound ($578,028) annual share
allowance.
The Guardian
- The European Union's car industry has called for the UK to
be fully included in new "made in Europe" rules that threaten to
shut out British manufacturers from their biggest export
market.
- Lloyds Banking Group ( LYG ) has announced it is axing
the Halifax brand.
The Telegraph
- Andrew Bailey has said cutting interest rates is "off the
table at the moment", in a signal that the Bank of England will
keep borrowing costs on hold later this month.
Sky News
- London-based department store group Harvey Nichols have
asked suitors to submit indicative offers by the middle of July,
implying a rapid timetable for a sale of the business.
- BBC staff could see a real-terms pay cut in the year ahead, a
proposal shows, just weeks after the announcement that hundreds
of roles are to be axed..
The Independent
- Billionaire hedge fund manager Michael Platt said Britain
was "no longer a serious contender" for business after his
BlueCrest Capital Management lost a 200 million-pound tax battle
against HMRC in the Supreme Court.
($1 = 0.7526 pounds)
(Compiled by Bengaluru newsroom)