PRESS DIGEST-British Business - December 29
Dec 29 (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
- Britain’s car manufacturers face taxes of up to 10% on all electric vehicles they sell in the EU from the end of next year.
The Guardian
- The former chief executive of Wessex Water received a 170,000 pound ($229,602) bonus from its parent company last year despite a ban on performance-related pay after criminal pollution failures on his watch.
The Telegraph
- British microchip company Imagination Technologies has considered spinning off its operations as part of a planned break-up following years of contentious Chinese ownership.
- Tufan Erginbilgic, the chief executive of Rolls-Royce RR.L, is in line for a bonus of 100 million pounds or more after spearheading a spectacular turnaround this year.
Sky News
- Angola and Namibia have agreed to take back illegal migrants and criminals after Britain's Home Secretary threatened to impose visa bans on them if they failed to do so.
($1 = 0.7404 pounds)
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