May 17 (Reuters) - 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
- British drugmaker GSK said on Thursday it plans to
sell about 385 million shares, representing its entire
shareholding, in spun-off consumer healthcare business Haleon ( HLN )
.
- Johan Lundgren will step down as the chief executive of
budget airline easyJet at the turn of the year after
seven years at the helm.
The Guardian
- A union representing workers at the Harland & Wolff
shipyard in Belfast has written to the chancellor,
Jeremy Hunt, warning that doubts over financial support for the
company are putting jobs in jeopardy.
- A shake-up of the postal service that could hand the owner
of Royal Mail a 300 million pound($379.68 million) boost will
not take place before the general election, as the company's
bosses meet ministers to discuss its proposed 3.5 billion
pound($4.43 billion) takeover by a Czech billionaire.
The Telegraph
- Chevron ( CVX ) said it is set to launch the sale of its
remaining UK North Sea oil and gas assets, in a move that would
mark the U.S. energy giant's exit from the ageing basin after
more than 55 years.
- Rival companies would be asked to step in and manufacture
three Fleet Solid Support (FSS) warships should Harland & Wolff
, the Belfast-based yard that built the Titanic, be
unable to deliver.
Sky News
-European insurer Wefox warned investors that it could face
collapse within months as it contends with a slew of regulatory
and financial challenges.
($1 = 0.7901 pounds)
(Compiled by Bengaluru newsroom)