Dec 12 (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
- Clive Cowdery, the serial life insurance entrepreneur and
philanthropist, has agreed to sell Resolution Life to Nippon
Life of Japan in a deal that values the business at $10.6
billion.
- Tax inspectors and customs officials in Germany have
raided the headquarters of Adidas and a number of
other offices in connection with a long-running investigation
over customs and import regulations.
The Guardian
- The UK supreme court has granted permission for two car
lenders, Close Brothers and the MotoNovo owner FirstRand, to
appeal against a landmark ruling on motor finance commission
payments that has left firms fearing a potential 30 billion
pound ($38.29 billion) compensation bill.
- Harrods has introduced a £1 a diner "cover charge" in all
its restaurants and cafes in London which staff say aims to bump
up profits by up to 1 million pounds after a government
crackdown on companies taking a cut of tips.
The Telegraph
- Katharine Vine, the editor of The Guardian, is facing the
threat of a no-confidence vote as anger mounts over the sale of
The Observer.
- British supercar maker McLaren has been sold to an Abu
Dhabi sovereign wealth fund, in a deal presided over by the
Emirate's crown prince.
Sky News
- Small British businesses have stopped selling to Northern
Ireland as well as Europe due to extra administrative hurdles
posed by new EU customs rules coming into effect.
- Britain's biggest high-street banks HSBC ( HSBC ) and
Lloyds Banking Group ( LYG ) have quit Lending Standards Board,
a body dedicated to enhancing industry lending practices,
sparking a furious row and casting doubt over its future.
($1 = 0.7835 pounds)
(Compiled by Bengaluru newsroom)