PRESS DIGEST- British Company – June 14

The following are the leading stories on the business pages of
British newspapers. Reuters has not verified these stories and
does not attest their accuracy. The Times Mounting fears that Britain will vote to leave the European
Union this month have actually sent the cost of insurance coverage versus a.
collapse in the pound to an eight-year high. (bit.ly/ 1VW1N7q) Andy Clarke, chief executive of Asda, has actually been ousted from.
his role handling among Britain’s “Big Four” grocers after a.
high fall in sales and market share. He will be replaced by the.
head of Walmart’s Chinese business, Sean Clarke. (bit.ly/ 1VW2ei5) The Guardian Hermes Investment Management is spearheading an effort to.
break with the City’s well-known short-termism and push fund.
managers to focus on the social, environmental and financial.
repercussions of investment choices. (bit.ly/ 1VW1kSB).

FIFA has actually welcomed the choice by its monetary auditor KPMG.
to resign. The break in a decade-long relationship was announced.
Monday, months after KPMG said it would review its work with.
football’s scandal-hit world governing body. (bit.ly/ 1VW0xkO) The Telegraph Barclays is the British bank most exposed to the.
referendum on the UK’s membership of the EU, as its.
global operations will be hit the most by Brexit.
according to experts. (bit.ly/ 1VW0LbI).

Schneider Electric has actually resuscitated tie-up talks.
with software application business Aveva, 6 months after deserting.
prepare for a 1.3 billion pounds ($ 1.85 billion) merger. (bit.ly/ 1VW2MV4).

Sky News Goldman Sachs has actually rejected a need from members of.
Parliament to probe into the collapse of BHS, that would drag.
its executives deeper into their query. (bit.ly/ 1VW0Z2j) Two directors of the car which owned BHS until it.
plunged into administration in April went over the payment of a.
250,000 pounds ($ 355,150) bonus despite the seller’s continuous.
cash flow problems. (bit.ly/ 1VW2Kwv) The Independent Mike Ashley, the creator of Sports Direct, has.
composed to administrators to verify that he is still interested.
in purchasing parts of collapsed retail chain BHS. (ind.pn/ 1VW1jye) Libya’s sovereign wealth fund will go head-to-head with.
Goldman Sachs in London’s High Court over claims that the.
U.S. financial investment bank exploited the fund by encouraging it to.
make dangerous and ultimately worthless investments. (ind.pn/ 1VW2625).

($ 1 = 0.7039 pounds).

( Assembled by Shalini Nagarajan in Bengaluru; Modifying by Cynthia.
Osterman).

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