PRESS DIGEST-British Business - March 11 [Yahoo! Finance]
BRITISH LAND CO S/ADR (BTLCY)
NASDAQ:AMEX Investor Relations:
britishland.com/investors
Company Research
Source: Yahoo! Finance
The Times - Richard Branson stands to receive at least 250 million pounds ($321.25 million) from Nationwide as an "exit fee" when the building society stops using the Virgin Money brand after its takeover of the struggling challenger bank. - Adam Winslow, the CEO of Direct Line, is expected to bring forward some of his plans for turning round the troubled insurer as he fends off a 3.1 billion pound takeover bid from Belgian rival Ageas. - Luis Gallego, the CEO of IAG, the parent company of British Airways, is to take millions of pounds of his bonuses in cash rather than stock after failing to revive the airline group's bombed-out share price. The Guardian - British retailer The Body Shop has filed for bankruptcy in the US and Canada and is struggling to pay suppliers in Australia. - In a speech to the Institute for Government thinktank, former British prime minister Gordon Brown will call for the creation of a National Economic Council, jointly chaired by the prime minist
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