British Business - Aug. 19
Aug 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
- Barclays BARC.L is facing scrutiny over the 2.9 million pounds ($3.75 million) fixed pay it gives to its boss after becoming the first British bank to overhaul bonuses following the UK’s decision to abandon a cap on payouts.
- Shareholders in Ashtead AHT.L have been urged to vote against plans for "excessive" new American-style executive pay at next month's annual meeting, amid a review by the FTSE 100 company on switching its listing to New York.
The Guardian
- British cargo airline One Air has said Brexit red tape has forced it to go as far as the US for routine servicing and repairs, at huge environmental and financial costs.
- Unionised vets, nurses and support staff at Valley Vets in south Wales, owned by VetPartners, have extended their strike, accusing their accusing their private-equity-backed owner of underpaying workers and overcharging pet owners.
The Telegraph
- Boohoo BOOH.L is in a stand-off with suppliers after the struggling fast-fashion seller withheld payments over claims the quality of clothing was too poor.
- Tesco TSCO.L has recalled its "melt in the middle" meat-free burgers because of a "burn risk" to customers from the 240g Tesco Plant Chef 2 Meat-Free Burgers with Melting Middle.
Sky News
- The British government has urged rail union leaders to "get around the table" as drivers threaten fresh strikes despite a recent pay rise offer from the government.
The Independent
- Fashion brand Ted Baker's remaining 31 stores in the UK are to close this week, putting more than 500 jobs at risk.
($1 = 0.7723 pounds)
(Compiled by Bengaluru newsroom)
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