PRESS DIGEST-British Business - Dec 29

LUBEREF -0.39%





- 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

- European property company Signa on Thursday said that two key divisions - Signa Prime Selection and Signa Development Selection - are filing for insolvency.

- Nigeria's competition commission has ordered British American Tobacco (BAT) BATS.L to pay a $110 million fine following allegations of market dominance abuse and infringement of public health regulations.

The Guardian

- Lenders that received payouts from 425 million pounds ($541.28 million) set aside after Royal Bank of Scotland was bailed out in 2008 will not be held accountable over delayed projects, after the Treasury refused to extend supervision arrangements beyond the new year.

The Telegraph

- Norway's largest pension fund KLP said on Thursday it would refrain from investing in Saudi Aramco 2223.SE and 11 other companies in the Gulf region, and had sold assets worth $15 million following a review of its holdings.

Sky News

- UK's Labour Party is considering plans to create thousands of nursery places within existing primary schools as part of a signature offer to voters at the next election.

($1 = 0.7852 pounds)

(Compiled by Bengaluru newsroom)


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