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PRESS DIGEST- British Business - July 12 [Reuters]

PEARSON (PSO)  More Company Research Source: Reuters
PDF PRESS DIGEST- British Business - July 12 July 12 The following are the top stories on thebusiness pages of British newspapers. Reuters has not verifiedthese stories and does not vouch for their accuracy. The Times *Pearson Plc has offloaded almost half of itsholding in Penguin Random House in a complex transaction thatmeans that the publisher can return 300 million pounds ($385.53million) cash to shareholders. ( bit.ly/2ufJmnF ) *HSBC Holdings Plc has said that France's plans toloosen its employment rules make relocating there moreattractive. ( bit.ly/2tKYaHV ) The Guardian *Britain's economy will lose momentum both this year andnext as the squeeze on living standards caused by higherinflation outweighs the benefits for exports of a cheaper pound,Standard & Poor's has predicted. ( bit.ly/2uMPa5e ) *Lloyds Bank is to radically change the way it charges foroverdrafts on its 20 million accounts, including those atHalifax and Bank of Scotland, in a move it claims will leavemost c [Read more]

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