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PRESS DIGEST- British Business - Sept 14

Fri, 14th Sep 2018 01:04

Sept 14 (Reuters) - The following are the top stories on thebusiness pages of British newspapers. Reuters has not verifiedthese stories and does not vouch for their accuracy.

The Times

- House prices would fall by 35 percent over three yearsfollowing a chaotic no-deal Brexit, according to a briefing byBank of England governor Mark Carney to the cabinet. (http://bit.ly/2xa14st)

- The impact of the pain at Jaguar Land Rover is spreadingthrough the UK automotive supply chain as Ricardo Plc,the engineering consultancy, admitted that its profits had beenhit by the decline at Britain's largest carmaker. (http://bit.ly/2xdSlVA)

The Guardian

- International Energy Agency warns there is a risk of oilprices spiralling higher in the coming months, posing extracosts for drivers and a dilemma for the chancellor, PhilipHammond, as he looks to raise fuel duty. (http://bit.ly/2xdcRW7)

- House of Fraser customers who were promised refunds forundelivered goods in the wake of the department store's collapseare to lose their money after its new owner, Sports Direct, reneged on the offer. (http://bit.ly/2xd9Fd3)

The Telegraph

- The John Lewis Partnership is facing pressure to overhaulits 'never knowingly undersold' price pledge after discountingfrom rivals helped wipe out profits. (http://bit.ly/2xceCTz)

Sky News

- At least three of the 'big four' accounting firms haverefused to tender for the audit of Sports Direct International, because of potential conflicts of interest andreputational issues relating to the company's corporategovernance. (http://bit.ly/2xhp7VC)

- Weather forecaster MeteoGroup, which employs more than 100meteorologists, is closing in on a sale to a rival that willcrystallise an overall loss for General Atlantic, its ownersince 2013. (http://bit.ly/2xccsU1)

The Independent

- British MP's have accused Royal Bank of Scotland Group PlcChief Executive Ross McEwan of withholding informationfrom the Commons Treasury Committee about a police investigationinto a former employee of the bank's infamous GlobalRestructuring Group. (https://ind.pn/2xdKwPw)

(Compiled by Bengaluru newsroom)

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