PRESS DIGEST- British Business – April 16

April 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

– Splitting Costa Coffee and Premier Inn would take Whitbread Plc less than five months and would cost less than 20 million pounds ($28.49 million), its largest shareholder Elliott Advisors believes, as Elliott is pushes for the company to spin off Costa through a float.

– Annual household electricity bills could rise by almost 200 pounds, or a third, by 2025 because of increasing wholesale prices and green subsidies, according to the findings by Aurora Energy Research.

The Guardian

– Martin Sorrell is in line for almost 20 million pounds in payouts from WPP Plc over the next five years, as part of a deal for the chief executive to leave.

– Channel 4 is launching the search for a location for its new national headquarters by outlining its plans to more than 100 representatives of UK cities and regions on Monday.

The Telegraph

– UK’s National Cyber Security Centre is working with phone networks to patch flaws that have left communication lines open to intrusion from hostile nation states.

– The Bank of England has privately warned lenders that the withdrawal of its 127 billion pound cheap funding scheme poses a “systemic risk” to Britain’s financial system.

Sky News

– Unilever NV is facing an investor backlash at its annual meeting next month over millions of pounds in bonuses handed to its top two executives.

$1 = 0.7020 pounds
Compiled by Bengaluru newsroom;
Editing by Sandra Maler

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