British Business - June 29



June 29 (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

- Andrew Formica, chief executive of Jupiter Fund Management JUP.L , is to quit after three years unsuccessfully trying to stem client defections. Link

- Purplebricks PURP.L on Tuesday said it has delayed its annual results because its auditor needs more time to assess the new processes and controls that the online estate agent brought in last year. Link

The Guardian

- London's Heathrow airport has been ordered, by the Civil Aviation Authority, to reduce its landing charges over the next four years, a proposal that will please airlines while the airport said it would result in a worse experience for passengers. Link

- UK's Channel 4 is preparing to sign a deal to keep its news programme on air for the next five years as the broadcaster's management team engages in openly fighting attempts at privatisation. Link

The Telegraph

- The Big Four accountant EY has been hit with a record $100 million fine after dozens of its employees cheated on an ethics exam. Link

- The 6.3 billion pound ($7.69 billion) takeover of British defence company Meggitt MGGT.L by Parker-Hannifin PH.N is poised to go through after the government said it was likely to accept national security concessions. Link

Sky News

- Hilco, the specialist retail investor, is closing in on a takeover of Cath Kidston, recently put up for sale by Baring Private Equity Asia. Link

- Travelex, the foreign currency exchange, on Tuesday revealed plans to hire more than 1,000 workers in the UK. Link

The Independent

- Walgreens Boots Alliance WBA.O on Tuesday scrapped the plan to sell its UK high street pharmacy chain, Boots, saying no third party was able to make an adequate offer due to the turmoil in global financial markets. Link

($1 = 0.8196 pounds) (Compiled by Bengaluru newsroom)

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