PRESS DIGEST- British Business - April 8
KPMG is plotting an overhaul of its British business to create an independent audit firm, regardless of any decision by the competition regulator to force a break-up of the Big Four accountants. http://bit.ly/2WVR8gT The Prudential Regulation Authority has been asked by members of parliament to investigate whether Lloyds Banking Group PLC's bosses, including António Horta-Osório, its chief executive officer, breached corporate governance rules by allegedly "covering up" the HBOS Reading fraud. http://bit.ly/2WUbPtr
The Guardian The small business commissioner, Paul Uppal, and senior members of parliament have publicly criticised the health food chain Holland & Barrett for treating its suppliers "shabbily", as part of a crackdown on companies that take months to pay suppliers. http://bit.ly/2WSck7b
Standard Chartered PLC is bracing itself for a fine this week that could total hundreds of millions of pounds as it settles U.S. charges over Iranian sanctions violations. http://bit.ly/2WV7xlD The Telegraph
Canadian gas explorer Valeura Energy Inc will unveil plans to list on the London Stock Exchange this week as it looks to raise funds for a major project in Turkey. http://bit.ly/2WPaHas Sky News
Debenhams PLC has told Sports Direct International PLC's Mike Ashley to abandon his attempt to oust its board as it dangled the prospect of delaying a deal that would hand control of the company to its lenders. http://bit.ly/2WPT7Dd The Independent
Social media companies including Facebook Inc and Twitter Inc will be legally required to protect their users under UK government plans to introduce a regulator. The government proposal, which would also see bosses of companies personally liable for harmful content on their platform, will ensure internet firms meet their responsibilities. https://ind.pn/2WQQy3S (Compiled by Bengaluru newsroom; Editing by Daniel Wallis)
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