Reuters: Regulatory News: PRESS DIGEST - British Business - Aug 13

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PRESS DIGEST - British Business - Aug 13 Aug 13th 2013, 00:22 Mon Aug 12, 2013 8:22pm EDT Aug 13 (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. TESCO FIGHTS BACK AGAINST CHEAP FOREIGN LABOUR CLAIMS Tesco has claimed it is "simply untrue" that it deliberately drafted in cheap foreign workers after closing a distribution centre in Harlow, as part of a detailed fightback against claims from Labour's shadow immigration minister Chris Bryant. () SHERYL SANDBERG SELLS $91 mln OF FACEBOOK SHARES Sheryl Sandberg, second in command at Facebook, has sold $91 million of her stock in the company, which has climbed above its flotation value for the first time. () Plans to force big companies to put their audits out to tender every five years have come under attack from the City's accountancy regulator, which has warned that the measure could result in "sham" compliances. The outgoing boss of the Johnnie Walker and Smirnoff drinks maker Diageo will walk away from his job with shares and options worth 36 million pounds. () PRINCE CHARLES FACES SCRUTINY BY MPs OVER VETO ON LAWS Parliament to examine heir to the throne's little-known veto over any laws that affect his private interests. ()

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