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.