PRESS DIGEST- British Business - May 8

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

- Schroders Plc, the third largest shareholder in Provident Financial Plc with a 14.6 percent stake, on Tuesday became the first investor to publicly reject an all-share offer from Non-Standard Finance Plc, a smaller sub-prime lender. http://bit.ly/2HbrQFk - Baroness Fairhead, the most senior business leader in government, has resigned as exports minister to search for a chairmanship at a large British company. http://bit.ly/2VkxRta

The Guardian - Hundreds of Uber Technologies Inc drivers in Britain are to go on strike as part of an international protest against pay and conditions on the eve of the ride-hailing app's stock market flotation. http://bit.ly/2H8xqIa

- Newham council is claiming victory after striking a deal with NatWest over 150 million pounds ($196.01 million) in high-cost bank loans that it says will save millions of pounds and enable it to boost spending on local services. http://bit.ly/2H4bEFH The Telegraph

- Hopes of bolstering the Royal Navy with a fleet of five "bargain" frigates at an all-in cost of 250 million pounds per vessel have foundered after the Ministry of Defence conceded the ships could not be delivered at that price. http://bit.ly/2Vmynqr - Mining giant BHP Group Plc "knew of the risks" to a dam in Brazil before it collapsed in 2015, unleashing a wave of waste water that killed 19 people, according to a legal claim. http://bit.ly/2Vj6I9X

Sky News - Purplebricks Group Plc has announced the departure of its co-founder and chief executive Michael Bruce while confirming its overseas expansion is being scaled back. http://bit.ly/2VjTr0E

The Independent - A JD Sports Fashion Plc site in Rochdale and Asos Plc warehouse in Barnsley each received almost one emergency medical visit per week last year, raising concerns about conditions for workers. https://ind.pn/2Vnzq9q

($1 = 0.7653 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)