British Business - Nov 19
Nov 19 (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
- London-listed goldminer Resolute Mining RSG.AX said it would pay $160 million to the government of Mali to help resolve a tax dispute that has led to its boss and two other executives being detained there.
- An alliance of Christians, including a former Archbishop of Canterbury and the Methodists, have issued an ultimatum to the high-street UK banks, including Barclays BARC.L, HSBC HSBA.L, Lloyds LLOY.L, NatWest NWG.L and Santander UK SANS_pa.L, to stop financing new fossil fuel projects or risk losing their business.
The Guardian
- Asos ASOS.L has been accused of rewarding its chief executive for "spectacular failure" after giving him a 300,000 pounds ($380,280) pay rise even as the online fast-fashion retailer cut jobs and recorded widening losses.
The Telegraph
- Britain would side with the European Union over the U.S. if Donald Trump sparked a trade war with China, the UK Business Secretary Jonathan Reynolds suggested.
- Bank of England Governor Andrew Bailey has been dragged into a legal row over how well former Barclays boss Jes Staley knew Jeffrey Epstein and has been listed as a witness in a case brought by Staley.
Sky News
- Four suspects have so far been identified by UK police investigating possible criminal charges in the Post Office scandal. Perverting the course of justice and perjury are among the offences being considered.
- Petroineos, the owner of Scotland's only oil refinery, has rejected a U.S.-led approach for a possible bid for it months before its scheduled closure.
($1 = 0.7889 pounds)
(Compiled by Bengaluru newsroom)
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