PRESS DIGEST-British Business - June 20
June 20 (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
- Aviva AV.L chief Amanda Blanc has said that it is for savers to decide where they invest their pensions amid mounting concern in the retirement industry that the British government will force funds to buy UK assets.
- The Bank of England held interest rates at 4.25% as expected but said it was focused on risks from a weaker labour market and from higher energy prices as conflict escalates in the Middle East.
The Guardian
- British Environment Minister Steve Reed has said the government is stepping up preparations for temporary nationalisation of Thames Water, indicating it will reject pleas from the company's creditors for leniency from fines and penalties.
The Telegraph
- Lloyds Bank LLOY.L is to pull billions of pounds from Britain's stock market as its pensions division Scottish Widows plans to cut its exposure to the UK and move more money into better-performing markets such as the U.S.
Sky News
UK's ministers are considering a commitment to cut soaring industrial energy prices for British companies to the same level enjoyed by competitors in France and Germany as part of its industrial strategy.
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