December 5, 2016 / 1:12 AM / 2 years ago

PRESS DIGEST- British Business - Dec 5

Dec 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

* Prudential has begun a review of its 45 billion pounds ($57.05 billion) pension liabilities business in a move that could lead to the sale of the division and a potential restructuring of the entire company.

* Royal Bank of Scotland Group Plc has struck a deal to pay about 40p a share to settle claims over its ill-fated rights issue in 2008 but has yet to reach settlement with thousands of retail investors.

The Guardian

* Britain's information commissioner has reopened the file on construction industry blacklisting amid fears that the malpractice is still taking place.

* AstraZeneca has said it will move some back office jobs from the UK to Costa Rica, Poland and Malaysia in a drive to cut costs following a slide in profits.

The Telegraph

* Formula One is locked in a dispute with authorities in India over 41.1 million pounds of unpaid Grand Prix fees dating back to 2012, according to company documents.

* The Institute of Chartered Accountants in England and Wales (ICAEW), which regulates accountants, said Theresa May "should not waste this opportunity to modernise UK corporate governance".

Sky News

* Sky News has learnt that Greenergy, which claims to transport a quarter of the road fuel used in the UK, has been in negotiations with the infrastructure group Brookfield for several months.

* Boris Johnson has outlined the four-point blueprint the government wants to achieve when it negotiates the UK's exit from the European Union (EU).

The Independent

* Boris Johnson has risked igniting a row with Downing Street after revealing he believes international students should be exempt from the government's immigration figures.

* Arron Banks, United Kingdom Independence Party's biggest donor and one of the first Britons to meet Donald Trump after his election victory, has denied claims he offered a "bribe" to a major UK political party in exchange for support for his Leave.EU Brexit campaign.

($1=0.79 pounds)

Compiled by Kanishka Singh in Bengaluru; editing by Diane Craft

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