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 Times

- 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

The Guardian

- 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

The Telegraph

- 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

Sky News

- 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

The Independent

- 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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