Reuters: Regulatory News: PRESS DIGEST - British business - April 3

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PRESS DIGEST - British business - April 3 Apr 3rd 2012, 00:20 Mon Apr 2, 2012 8:20pm EDT A London-listed gaming company, 888 Holdings, is in talks with Donald Trump to exploit the looming legislation of online gambling in America. Aberdeen Asset Management wants to replace Katherine Garrett-Cox as manager of the embattled 2.1 billion pound ($3.36 billion) Alliance Trust in what would be one of the most dramatic coups in London's financial district for many years. Door-to-door cosmetics seller Avon has angrily rejected a $10 billion bid from Coty, the perfume maker behind fragrances for Beyonce and Lady Gaga, and accused its rival of trying to get a "free look" at its books. Desire Petroleum and Borders & Southern Petroleum , two of five London-listed exploration businesses with interests in the Falklands Islands, announced annual pre-tax losses of $42.5 million and $1.74 million on Monday. French-owned firm EDF Energy was handed a slap on the wrist fine on Monday by Britain's energy watchdog Ofgem for the poor way it deals with complaints.

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