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PRESS DIGEST- British Business - Dec 4 (RIO, VOD, RIO)
Dec 4 (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
- Toys r Us is poised to enter a company voluntary arrangement, which will leave up to a third of its 105 British shops facing closure and about 800 staff out of work. http://bit.ly/2jckaYa
- Heathrow will not be able to expand to its promised 740,000 flights a year because of safety flaws involving its third runway, according to a report by the engineering consultancy Ebeni. http://bit.ly/2jcwojz
The Guardian
- Hundreds of thousands of UK children and older people have been plunged into poverty in the past four years, according to an analysis by Joseph Rowntree Foundation. http://bit.ly/2jacNQS
- Ministers are expected to back the first generation of small nuclear power stations in Britain with tens of millions of pounds this week, in an attempt to give the UK a competitive edge on the technology and provide a new source of clean power. http://bit.ly/2je93xY
The Telegraph
- Facebook has opened a new office in London and has pledged to hire 800 new staff in the UK over the next year. http://bit.ly/2jcfSzX
- Rio Tinto has named former Anglo American executive Simon Thompson as its new chairman. http://bit.ly/2jb0K5S
Sky News
- Financial Reporting Council (FRC) will publish a consultation on revisions to the UK corporate governance code, which will include giving remuneration committees a formal responsibility to demonstrate the alignment between boardroom and workforce pay. http://bit.ly/2je8Meq
- Vodafone has told Deloitte, EY and KPMG in the last few weeks that it may ditch PricewaterhouseCoopers audit contract because of the 2014 collapse of Phones 4U. http://bit.ly/2jcjxhg
The Independent
- MPs have raised serious concerns about the post-Brexit regulation of the pharmaceuticals sector, warning that the UK's departure from the EU could make Britain a less desirable place for investment and development. https://ind.pn/2jbsXJC
(Compiled by Bengaluru newsroom Editing by Sandra Maler)
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