May 5, 2016 / 12:39 AM / 2 years ago

PRESS DIGEST- British Business - May 5

May 5 (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

- Executives at Royal Bank of Scotland Group Plc faced accusations of taking home "obscene" pay packets and being "glorified civil servants" at a stormy annual meeting. (

- EDF's former finance chief tried to persuade the French energy giant to postpone plans to build an 18-billion-pound nuclear power station at Hinkley Point, Somerset, for at least three years, he told French MPs yesterday. (

The Guardian

- The mining group BHP Billiton Plc and its partner Vale SA are facing a 30-billion-pound claim from Brazilian prosecutors over an iron ore mine dam collapse last year that released a torrent of toxic mud, killing 19 people and leaving 700 homeless. (

The Telegraph

- BT group Plc is to unveil a multibillion-pound network upgrade programme, including laying ultrafast fibre-optic broadband lines to around two million homes and businesses. (

- Intercontinental Exchange Inc has walked away from its attempt to break up the London Stock Exchange's 21-billion-pound merger with Deutsche Boerse AG, removing one of the major hurdles to the deal. (

Sky News

- The New Day newspaper is to close after just nine weeks of circulation. The daily newspaper, published by Trinity Mirror Plc, is to be publishing its final edition on Friday. (

- Royal Dutch Shell Plc has reduced its key investment forecast by a further 10 percent or $3 billion after announcing a sharp drop in first quarter profits amid the depressed oil price environment. (

The Independent

- Housing analysts have slammed a 100-percent mortgage launched by Barclays Plc as "crackers", saying the first mortgage since the crisis not to require a deposit will help people buy property they can't afford. (

Compiled by Sangameswaran S.; Editing by Sandra Maler

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