PRESS DIGEST- British Business - July 24
July 24 (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
- Gerard Kleisterlee, the chairman of Vodafone Group Plc , on Tuesday announced plans to leave the board next year as directors came under fire from shareholders over the telecoms group's first dividend cut. http://bit.ly/2y8ENeE
- Standard Life Assurance has been fined 30 million pounds ($37 million) by the Financial Conduct Authority (FCA) regulator for failures relating to the sale of annuities. http://bit.ly/2ybSB89
The Guardian
- Brexit uncertainty and a slowdown in global trade has seen order books in Britain's factories shrink at their fastest pace since the financial crisis, the Confederation of British Industry said. http://bit.ly/2y3Hcar
- The FCA said it is calling for a government review of credit union rules to give vulnerable consumers a viable alternative to payday lenders. http://bit.ly/2y7MTnQ
The Telegraph
- The Bank of England's chief economist has warned the new government not to expect the "monetary cavalry" to ride to the rescue if the economy flounders. http://bit.ly/2y7Oeem
- The global economy will only recover if trade wars end and the serious rows between nations are resolved, the International Monetary Fund has warned. http://bit.ly/2y8GZmo
Sky News
- British Airways has lost a legal challenge to a strike vote by pilots, bringing closer the threat of summer holiday travel chaos for its customers. http://bit.ly/2y7YnYt
- Metro Bank Plc will disclose on Wednesday alongside its half-year results that it is to seek a successor to Vernon Hill, its founder and chairman for most of its decade-long existence. http://bit.ly/2y8BWm9
($1 = 0.8042 pounds) (Compiled by Bengaluru newsroom, Editing by Rosalba O'Brien)
