PRESS DIGEST-British Business - May 16

May 16 (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 Times

- British's software services provider Wireless Logic's chief executive said that U.S. investment firm General Atlantic has acquired a minority stake for an undisclosed sum in the global business.

- Discount retailer B&M BMEB.L named retail industry veteran Tjeerd Jegen as its new CEO and said he will take over from interim boss Mike Schmidt on June 16.

The Guardian

- British ministers plan to use new powers to block bosses from Britain's largest water supplier Thames Water taking bonuses worth hundreds of thousands of pounds as the company fights for survival.

- Social media app TikTok was charged by EU tech regulators with breaching EU online content rules, putting its owner ByteDance at risk of a fine of as much as 6% of its global turnover.

The Telegraph

- Irish Food Group Greencore's GNC.L CEO Dalton Philips said that British retailers are unlikely to start importing U.S. beef citing concerns about U.S. food standards despite Britain's trade deal with U.S. President Donald Trump.

- Britain's Virgin Media O2's Spanish co-owner Telefonica is said to be exploring a full takeover of the telecoms giant amid a shake-up triggered by Spain's Prime Minister Pedro Sanchez.

Sky News

- Britain's Treasury is drawing up plans to advertise for a chief executive to replace Sam Woods at the Prudential Regulation Authority (PRA) next year.

- Britain's proposed assisted dying law for terminally ill people will be debated in parliament on Friday, when lawmakers consider changes to the legislation, ahead of the next vote on whether to proceed with the historic law or scrap it.