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PRESS DIGEST- British Business - Oct 18 (LLOY, BBD., RIO, SBRY, RIO)
Oct 18 (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
- An attempt by the UK government to keep secret documents about the financial crisis during the 600-million-pound lawsuit over Lloyds Banking Group Plc's acquisition of HBOS has been thwarted, as the judge refused a request by the Department for Business, Energy and Industrial Strategy to suppress full publication of documents that contain the views of the government compiled at the height of the crisis in 2008. http://bit.ly/2hN0WXE
- The UK Civil Aviation Authority has defended its actions over the collapse of Monarch Airlines, saying that it was not to blame for the carrier going into administration. http://bit.ly/2hORXF0
The Guardian
- The UK treasury has rejected calls for a second EU referendum after the west's leading economic think tank, the Organisation for Economic Cooperation and Development, said reversing the decision to leave would significantly benefit the economy. http://bit.ly/2hNBp0c
- Bombardier Inc has raised hopes of safeguarding 1,000 jobs in Belfast, saying it was confident a deal for Airbus SE to take a majority stake in the C-Series jet programme would help it avoid punishing U.S. import tariffs. http://bit.ly/2hMP8Et
The Telegraph
- Rio Tinto Plc has been charged with fraud in the U.S. and handed down a 27.4-million-pound ($36.14-million) fine in the UK over its handling of its coal assets in Mozambique. http://bit.ly/2hMW44A
- UK Business and Energy Secretary Greg Clark has proposed new laws aimed at enabling the government to intervene in deals in certain sectors, such as companies making military products as the government is hoping to tighten its grasp on merger and takeover deals in the interest of national security. http://bit.ly/2hNVinR
Sky News
- Sainsbury Plc on Tuesday unveiled plans to cut up to 2,000 UK jobs as part of its programme to save hundreds of millions of pounds in costs. http://bit.ly/2hMVXWI
- The UK government is exerting pressure on developers to prevent so-called "landbanking" and boost house building, the UK Communities Secretary has signalled. http://bit.ly/2hMdSg4
The Independent
- Christopher Burghardt, Uber Technologies Inc's head of policy for Europe, Middle East and Africa has quit the company to join electric vehicle charging network firm Chargepoint. http://ind.pn/2hNk0VJ
- Bank of England Governor Mark Carney told MPs on Tuesday that inflation has not yet peaked, and that the Bank's Monetary Policy Committee expects inflation to remain above the Treasury's 2 percent target for three years. http://ind.pn/2hNBMYO
($1 = 0.7582 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)
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