Reuters: Regulatory News: PRESS DIGEST - British Business - June 10

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PRESS DIGEST - British Business - June 10 Jun 10th 2013, 00:54 June 10 | Sun Jun 9, 2013 8:54pm EDT June 10 (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 LLOYDS STARTS SEARCH FOR TSB CHAIRMAN Lloyds Banking Group has taken the first major step towards listing its 632-branch TSB unit on the London Stock Exchange by hiring head hunters to find a chairman for the business. () INVESTORS TRY TO SALVAGE RETURNS FROM HIBU Shareholders in Hibu, the former Yellow Pages business, are attempting to drum up support to avoid being frozen out of a rescue deal that would leave them without any return on their worthless investment and could lead to job cuts among the 13,000 strong international work force. () The Guardian OSBORNE URGED TO DISTRIBUTE RBS AND LLOYDS SHARES AMONG VOTERS George Osborne will be urged on Monday to fire the starting gun on a sell-off of the government's stake in Royal Bank of Scotland and Lloyds Banking Group by offering shares worth 1,650 pounds ($2,600) a person to 48 million taxpayers. () ROGER CARR SET TO BE NAMED BAE SYSTEMS CHAIRMAN Roger Carr is set to be named chairman of BAE Systems , as the defence firm attempts to move on following its failed 30-billion-pound merger bid with European rival EADS . () The Times CANADIANS TO PULL THE PLUG ON OFFER FOR SEVERN TRENT With the water group's board adamant that it would not talk to its stalker at the 22-pounds-per-share that was on the table, sources close to the takeover group indicated last night that its plans would be dropped. () OFWAT CALLS ON OUTSIDERS TO REVIEW WATER BILLS A leadership crisis at the water industry regulator has prompted an unprecedented outsourcing of the upcoming multibillion-pound review of household bills to a firm of outside consultants, overseen by an inexperienced executive. () The Independent RIVALS TRAIL BEHIND FAST-GROWING SAINSBURY'S Sainsbury's will cement its position as the fastest-growing of the listed supermarkets this week by posting another rise in revenue. () ANOTHER FOREIGN-BILLIONAIRE BATTLE LOOMS IN HIGH COURT Commerzbank AG has launched high court proceedings against the Turkish billionaire Mehmet Karamehmet in the latest international dispute to be brought to Britain. () Link this Share this Digg this Email Reprints

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