PRESS DIGEST-British Business - July 16 July 16 (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 - British luxury label Burberry BRBY.L has replaced Jonathan Akeroyd, its chief executive, with Joshua Schulman and axed its dividend after issuing the latest in a series of profit warnings.

UPDATE 1-London stocks fall as financials and energy stocks drag For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100, FTSE 250 down 0.7% each BP slips after flagging hit to Q2 profit Indivior lowers profit forecast, plans job cuts; shares plummet Barclays BARC.L , HSBC HSBA.L and Lloyd's LLOY.L all fall between 3.1% and 4%.

RPT-FOCUS-HSBC eyes payouts, new roles for execs pipped to CEO job, sources say Repeats story published earlier. No change to text. Chairman Mark Tucker seeking third CEO in nine years Key projects eyed as incentives to keep candidates, sources say By Sinead Cruise and Lawrence White LONDON, July 9 (Reuters) - As HSBC HSBA.L prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two peopl

FOCUS-HSBC eyes payouts, new roles for execs pipped to CEO job, sources say Chairman Mark Tucker seeking third CEO in nine years Key projects eyed as incentives to keep candidates, sources say By Sinead Cruise and Lawrence White LONDON, July 9 (Reuters) - As HSBC HSBA.L prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two people with knowledge of the discussions told Reuters.

RPT-BREAKINGVIEWS-New UK government can claim competence dividend The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Peter Thal Larsen LONDON, July 2 (Reuters Breakingviews) - Eight years ago, Britain was reeling from its shock decision to leave the European Union. The political upheaval and economic uncertainty that followed raised the risk premium for investors in the country.

BREAKINGVIEWS-New UK government can claim competence dividend The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Peter Thal Larsen LONDON, July 2 (Reuters Breakingviews) - Eight years ago, Britain was reeling from its shock decision to leave the European Union. The political upheaval and economic uncertainty that followed raised the risk premium for investors in the country.

Lloyds CEO expects $380 mln UK business banking revenue boost LONDON, June 27 (Reuters) - Lloyds Banking Group LLOY.L is set to make an extra 300 million pounds ($380 million) a year in revenue by 2026 from its business banking unit, CEO Charlie Nunn said on Thursday, as corporate confidence picks up in Britain despite challenges. The British bank's Business and Commercial Banking (BCB) unit, which serves firms with up to 100 million pounds in turnover, will have reached two thirds of the target

UPDATE 1-Bank of England highlights private equity vulnerabilities Writes through with more detail on PE findings, adds graphics, link to FSR, private equity industry reaction By Huw Jones and David Milliken LONDON, June 27 (Reuters) - Risk management in the private equity sector needs improving, the Bank of England said on Thursday, particularly as the period of low interest rates ends and leads to higher financing costs for risky debt in a highly leveraged industry.

UPDATE 1-UK Stocks-Factors to watch on June 27 Adds news items, updates futures June 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat on Thursday, with futures FFIc1 largely unchanged. * CURRYS: British electricals retailer Currys CURY.L , forecast further profit growth this year after a 10% rise in 2023/24 that reflected improving trading momentum through the period.

UK Stocks-Factors to watch on June 27 June 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.2%. * CAR OUTPUT: Britain's car output in May fell by 11.9% year-on-year, falling for a third straight month, as manufacturers wound down existing models and more plants transitioned to electric vehicle (EV) production, industry data showed.

BRIEF-Lloyds Expands Partnership With Visa June 24 (Reuters) - Lloyds Banking Group PLC LLOY.L : LLOYDS: EXPANDS PARTNERSHIP WITH VISA Further company coverage: LLOY.L

RPT-ANALYSIS-Consumer-focused lending under Labour could dent UK bank profits Repeats from JUNE 21, no changes to text UK homeowners struggling with mortgage volatility Labour not expected to impose big taxes on banks Banking hubs plan, new rules could pressure profits By Sinead Cruise and Lawrence White LONDON, June 21 (Reuters) - Once seen as hostile to banks, Britain's Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning party's policies are st

REFILE-RedBird IMI opens bids for its sale of UK's Telegraph newspaper Corrects "RedBird" in second paragraph to capitalise the "B" LONDON, June 21 (Reuters) - Abu Dhabi-backed RedBird IMI said on Friday it had opened bids for its sale of the Telegraph and Spectator, having reversed its decision to acquire the right-leaning newspaper group after the government intervened.

GRAPHIC-A $40 bln valuation would rank Revolut alongside Europe's biggest banks By Elizabeth Howcroft and Tommy Reggiori Wilkes LONDON, June 21 (Reuters) - British fintech Revolut is seeking a valuation of more than $40 billion through a planned share sale, sources have told Reuters, a valuation that would make it worth more than Germany's Deutsche Bank DBKGn.DE and Britain's Barclays BARC.L .

ANALYSIS-Consumer-focused lending under Labour could dent UK bank profits UK homeowners struggling with mortgage volatility Labour not expected to impose big taxes on banks Banking hubs plan, new rules could pressure profits By Sinead Cruise and Lawrence White LONDON, June 21 (Reuters) - Once seen as hostile to banks, Britain's Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning party's policies are still expected to hit the sector's profits if i

UPDATE 1-Fnality to seek Bank of England permission for intraday repo settlement Updates June 18 story after Fnality clarifies, in paragraph 2, that it has not yet made an official submission for regulatory approval By Huw Jones LONDON, June 18 (Reuters) - Payments firm Fnality and fintech HQLAX said on Tuesday i t would launch a new service by the end of the year for banks to slash the time and financial resources needed for settling sterling-denominated repo trades.

UPDATE 1-Fnality to seek Bank of England permission for intraday repo settlement Updates June 18 story after Fnality clarifies, in paragraph 2, that it has not yet made an official submission for regulatory approval By Huw Jones LONDON, June 18 (Reuters) - Payments firm Fnality and fintech HQLAX said on Tuesday i t would launch a new service by the end of the year for banks to slash the time and financial resources needed for settling sterling-denominated repo trades.

BUZZ-It makes sense to own European banks, Barclays says ** Barclays analysts keep their positive view on European banks despite added uncertainty over the result of the French snap elections ** "We think it makes sense to own the European banks as their fundamentals remain strong," they say in a note ** The analysts see positive earnings momentum

Fnality seeks Bank of England permission for intraday repo settlement By Huw Jones LONDON, June 18 (Reuters) - Payments firm Fnality and fintech HQLAX said on Tuesday they would launch a new service by year end for banks to slash the time and financial resources needed for settling sterling-denominated repo trades. Fnality said it has applied to its regulator, the Bank of England, for authorisation to introduce intraday settlement of sterling repo, or repurchase agreement transactions.

UK's Labour pledges to plug gaps left by bank branch closures By Huw Jones LONDON, June 17 (Reuters) - Britain's Labour Party said on Monday it would give regulators new powers to significantly increase the number of 'banking hubs' on high streets if voted into government next month. Lawmakers in Britain have flagged concerns about the closure of branches leaving some people, particularly in rural areas, facing difficulties accessing cash as many customers bank online and use cards to pay in sho