British Business - May 17
May 17 (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 Bank of England is facing its biggest test of credibility in 25 years of independence, according to its governor Andrew Bailey, who appeared before a Treasury select committee on Monday. Link
- The 595 million pound ($733.22 million) purchase of Stagecoach Group Plc SGC.L , Britain's largest bus company, by DWS DWSG.DE , a German group, is set to go through at the end of this week. Link
- Britain's biggest supermarket group Tesco Plc TSCO.L is to hand pig farmers 6.6 million pounds in additional support, taking the total to 10 million pounds, after warnings that a slew of producers could go out of business. Link
- The UK Labour Party aims to put ministers on the spot over the cost of living by forcing a vote in the House of Commons on a windfall tax for North Sea energy profits, amid some signs of increasing support for the policy on Conservative benches. Link
- Senior officials at Britain's Serious Fraud Office were in "serious breach" of their duties during an investigation into a Kazakh mining company, according to a High Court ruling on Monday. Link
- The UK Treasury is considering a new tax on imports from countries with high carbon emissions as part of a scramble to protect British industry from efforts to go green. Link
- The 4.25 billion pound takeover of Chelsea Football Club has been thrown into fresh doubt amid a renewed impasse between owner Roman Abramovich and government officials over the deal's terms. Link
- A former chief executive of Unicef UK is to spearhead the charity being set up to receive the proceeds of Roman Abramovich's proposed 2.5 billion sale of Chelsea Football Club. Link
- British Foreign Secretary Liz Truss will on Tuesday declare her intention to bring forward legislation which rips up parts of the UK's post-Brexit trade deal on Northern Ireland. Link
($1 = 0.8115 pounds) (Compiled by Bengaluru newsroom)
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