Press Digest: British Business - Jan 16

Genesis Scale Holdings

16/01/2017 02:29

Jan 16 (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 
     
    Donald Trump: I'll do a deal with Britain 
     
    Donald Trump will offer Britain a quick and fair trade deal 
with America within weeks of taking office to help make Brexit a 
"great thing". http://bit.ly/2jzvQCI 
     
    Co-op Bank takes 50 mln stg pension hit 
     
    Co-op Bank  42RQ.L  has agreed to pump millions into the 
pension scheme of the Britannia Building Society. The struggling 
lender will hand the group's pension trustees 50 million pound 
over the next seven years, as well as placing a 137 million 
pound portfolio of top-rated mortgages or debt into a custodian 
account with another bank as security for the scheme. http://bit.ly/2joHN0e 
     
    The Guardian 
     
    BlackRock demands cuts to executive pay and bonuses 
     
    BlackRock Inc  BLK.N , the world's largest asset manager, is 
threatening to unleash a fresh wave of shareholder rebellions in 
the UK unless Britain's largest companies rein in excessive 
boardroom pay. BlackRock is demanding cuts to director pension 
entitlements and an end to huge pay rises as UK companies 
prepare to put their latest pay deals to shareholders. http://bit.ly/2jT6Hq0 
         
     
    Fischer Energy joins UK retail market with 100% renewable 
offer 
     
    The ranks of the 40-plus energy companies jostling for 
householders' business will swell on Monday with the launch of a 
new supplier that delivers electricity from windfarms. Fischer 
Energy hopes to sign up 40,000 customers in the first year to 
its single variable tariff, with renewable power bought from 
Denmark's Dong Energy  DENERG.CO . http://bit.ly/2jUM4tr 
 
     
    The Telegraph 
     
    Wellesley to freeze crowdfunding campaign as it courts City 
investors 
     
    Peer-to-peer property lender Wellesley is suspending its 
crowd-funding efforts as it courts City investors to help fund 
its expansion. Wellesley is set to pause its campaign that asked 
supporters to contribute to a 1.5 million pound investment 
round, which began about a month ago and had received less than 
£200,000 in pledges. http://bit.ly/2jNQyOv 
     
    Sky News 
     
    Jeremy Hunt to get 15 million stg payout from Hotcourses 
sale amid NHS crisis 
     
    Jeremy Hunt, the Health Secretary, is to land more than 15 
million pounds from an education business he helped set up, even 
as he fights an increasingly intense political battle over the 
NHS's latest winter crisis. http://bit.ly/2iuPH44 
     
    Chinese investor buys stake in British aviation pioneer Gilo 
     
    A British aerospace company dubbed 'the Disneyland of 
engineering' is selling a big stake to Chinese investors in a 
further sign of the demand for UK technology from overseas 
rivals. Gilo Industries Group, a Dorset-based manufacturer of 
rotary engines for unmanned aeronautical vehicles and 
jet-backpacks, has struck a deal with Kuang-Chi, a conglomerate 
headquartered in Shenzhen, southern China. http://bit.ly/2jxwNLL 
     
 
 (Compiled by Rama Venkat Raman in Bengaluru) 
 ((ramavenkat.raman@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 7151; Reuters Messaging: 
ramavenkat.raman.thomsonreuters.com@reuters.net)) 
 
Keywords: BRITAIN PRESS/BUSINESS