PRESS DIGEST- British Business - June 15

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  • World News
PRESS DIGEST- British Business - June 15
Credit: © Reuters.

June 15 (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
A global flight to safety triggered by the prospect of
Britain leaving the European Union and central banks' ability to
stimulate economic growth pushed 10-year German government
borrowing costs into negative territory for the first time in
history. tenpin bowling operator Hollywood Bowl Group will
unveil plans today for a stock market flotation valuing the
company at about 280 million pounds ($395.11 million). The Guardian
Kingfisher KGF.L , the owner of B&Q, will face further
pressure over pay and conditions for staff at its annual
shareholder meeting on Wednesday when campaigners will ask the
retailer to reverse cuts made this year. UK government now fully backs a legal ban on polluting
plastic microbeads in cosmetics and toiletries, environment
minister George Eustice said on Tuesday. The Telegraph
Betfred, the bookmaker led by billionaire chairman Fred
Done, is to pay out more than 800,000 pounds ($1.13
million)after it was found that one of the company's VIP
customers was betting online with stolen money. Equipment hire company Ashtead AHT.L is to launch a 200
million-pound share buyback after a strong performance in the
North American construction market helped push pre-tax profits
up 24 percent to 616.7 million pounds. Sky News
A former finance executive, Barry Nightingale, at the
airline Monarch will be installed on Wednesday in a top job at
the troubled owner of Garfunkel's and Frankie & Benny's. Active, majority-owned by South African investment
group Brait BATJ.J , is selling 35 UK gyms as it moves further
to fund its expansion into luxury fitness clubs. The Independent
Evidence given by the former BHS owner Dominic Chappell at
an enquiry into the collapse of the chain has been branded "not
correct" by Goldman Sachs (NYSE: GS ) GS.N , days after a former financial
adviser to the retailer slammed Chappell as a "Premier League
liar". (

($1 = 0.7087 pounds)

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