Reuters: Regulatory News: PRESS DIGEST - British Business - May 30

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PRESS DIGEST - British Business - May 30 May 30th 2013, 02:05 Wed May 29, 2013 10:05pm EDT May 30 (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 Telegraph CAPITA PLANS TO CLOSE O2 CALL CENTRES AND CUT THOUSANDS OF JOBS Capita Plc has secretly planned to shut down two O2 call centres that employ more than 1,200 staff as part of a major outsourcing deal announced last week. () HIGH STREET FEELS SQUEEZE AS SALES FALL Britain's high street was dealt a blow on Wednesday as a poll revealed that retail sales this month sank at their fastest pace in more than a year. () The Guardian SMITHFIELD FOODS SALE TO CHINESE FIRM GIVES US PORK GIANT ENTRY TO CHINA China's Shuanghui International has made a $4.7 billion bid to takeover Smithfield Foods, the world's largest pork producer, in what would be the biggest takeover of a U.S. company by a Chinese firm to date - if it passes regulatory hurdles. () NASDAQ TO PAY $10 MLN GOVERNMENT FINE OVER DISRUPTION TO FACEBOOK'S IPO Nasdaq OMX Group Inc has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook Inc's public stock offering last year. () BORIS JOHNSON SIGNS 1 BLN STG DEAL FOR NEW EAST LONDON BUSINESS PARK London Mayor Boris Johnson says Asian Business Port, aimed at Asian companies, would generate 20,000 jobs at Royal Albert Dock. () The Times INCOMING BANK GOVERNOR 'MAY DEVALUE THE POUND' Mark Carney may trigger a fresh devaluation of the pound in the face of soggy growth and a largely depleted policy arsenal, the world's biggest bond fund predicted on Wednesday. () GOLDMAN AND UBS TO LEAD ROYAL MAIL FLOAT Two of the world's biggest - and sometimes most controversial - investment banks, Goldman Sachs Group and UBS, are to lead the privatisation and flotation of the Royal Mail Group . () OECD QUESTIONS OSBORNE'S BUDGET STRATEGY A leading think-tank has raised doubts over George Osborne's decision to shelter the NHS from spending cuts, warning about the impact it was having on other areas of public spending. () The Independent LLOYDS' PRIVATE BANKING BUSINESS SOLD OFF TO SWISS RIVAL UBP Lloyds Banking Group has offloaded its international private banking business to a Swiss rival, Union Bancaire Privée. The lender said the deal would help it simplify its business as it continues to recover from the financial crisis. () U.S. TAX DODGERS TARGETED AS SWISS EASE SECRECY Switzerland has agreed to adopt new rules that would free its banks to reach settlements with the U.S. authorities as they go after wealthy Americans suspected of using the European country's financial secrecy regime to evade taxes. Link this Share this Digg this Email Reprints

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