PRESS DIGEST-British Business - November 12

By Reuters News

- 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

- Taylor Wimpey TW.L and Bellway BWY.L, two of the UK's largest housebuilders, have announced plans to cut jobs a day after British housing minister Angela Rayner vowed to "turn the tide" on Britain's housing crisis.

- Julian Dunkerton, the co-founder of Superdry, is eyeing a return to the London stock market next year, marking a shock comeback only a few years after the clothing retailer narrowly avoided collapse.

The Guardian

- Aldi's UK business is cutting hundreds of head office roles as part of a global effort to trim costs at the budget grocer.

- Britain has appointed former joint intelligence committee chair Madeleine Alessandri as its special representative for climate security, the government said.

The Telegraph

- Indian customs officials have impounded dozens of containers of Scotch whisky imported by drinks giants Diageo DGE.L and Pernod Ricard PERP.PA in a row over tariffs.

- Chinese electric-vehicle maker BYD 002594.SZ said that some of its Tang SUV vehicles were fitted with incorrect wheel rims due to a supplier data-entry error, but added that the issue did not pose a safety risk.

Sky News

- The owner of the London Stock Exchange (LSE) has begun consulting with shareholders on a revised pay deal for CEO David Schwimmer that could increase his maximum annual pay by roughly £2 million ($2.66 million).

- Gordon Brothers, the US investment firm that owns Britain's Poundland, must allow the discount retailer to have full access to its own bank accounts to give it a chance of securing a rescue deal, a senior British lawmaker said.

($1 = 0.7531 pounds)

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