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U.K. markets news

Carillion bosses' bonuses and severance pay stopped
The bosses of the collapsed UK construction company Carillion have been stripped of bonus and severance payments following a public outcry.
'Flimsy' reassurances anger unions as creditors brace for Carillion ...  The Guardian
Carillion directors have payments pulled as Government agrees wage deal for ...
Accountancy Age  
Tesco delays Clubcard changes after customer backlash
Tesco has delayed changes to its Clubcard rewards scheme after a backlash from customers who objected to it reducing the value of vouchers without warning.
Tesco backtracks on changes to Clubcard scheme following backlash  The Independent
Tesco backs down over changes to Clubcard loyalty points scheme  The Times
Opening Quote: Outsourcing concerns spread to Interserve
Another 24 hours into the liquidation of Carillion, and the crisis seems to spread wider by the minute. Last night came news that another contractor, Interserve, has been put on financial health watch by government, as concerns about outsourcing work ...
Interserve is not the next Carillion, says UK government  The Guardian
Government reassures over supplier Interserve  BBC News
'You have to let customers hang themselves,' rogue RBS unit said
“Rope: Sometimes you just have to let customers hang themselves,” is just one of the tips circulated by a junior Royal Bank of Scotland manager on how to squeeze struggling small businesses for as much money as possible.
RBS memo urging staff to 'let customers hang themselves' published
RBS stands by branch closure decision  BBC News
GKN should be no pushover as Melrose bid turns hostile
You cannot blame Melrose Industries for firing off its �7bn hostile offer for GKN, the UK's last big automotive and aerospace combo, after less than a week of informal exchanges.
GKN rejects Melrose's �8.5bn hostile bid
Melrose goes hostile with GKN bid  The Times
Not taking the biscuit: MPs decline 'unsolicited' gifts from 2 Sisters boss
A parliamentary inquiry into food standards at 2 Sisters Food Group took a bizarre turn on Wednesday when a select committee accused the chicken processor of an “attempt to impugn” its impartiality by sending MPs “unsolicited” biscuits.
Christmas biscuits from "Chicken King" Ranjit Bopara not ...  City A.M.
Sizewell C could pump �200m into region's economy every year
EDF Energy officials said the Suffolk nuclear twin reactor power plant could cost 20% less than anticipated, and the project could inject up to �200 million a year into the county's economy.
EDF could build second nuclear plant 'for 20% less than Hinkley Point'  The Guardian
CEO of EDF Energy says Hinkley Point C is 'on track'  ITV News
M25 could be rerouted under new Heathrow runway if plans get green light
The latest plans for a third runway at Heathrow Airport suggest rerouting the M25 through a tunnel. This, the airport says, would involve lowering the country's busiest motorway by seven metres between junctions 14 and 15.
Virgin Atlantic seeks passenger charges guarantee from Heathrow  Travel Weekly UK
Heathrow plans shorter new runway to reduce disruption  The Times
A Glasgow nightclub, aliens and vet fees among weird tax excuses and ...
A wildly optimistic businessperson's bid to claim birthday drinks at a Glasgow nightclub back on expenses is among submissions that have left tax workers aghast in the last year.
Aliens, vertigo and a �4.50 sausage and chips meal revealed as the most ...  The Sun
Most new cars must be electric by 2030, ministers told
Three-fifths of new cars must be electric by 2030 to meet greenhouse gas targets, ministers have been warned. Homes also need to be built to a higher standard, the Committee on Climate Change - the official watchdog - says.
Majority of new cars and vans should be electric by 2030, Government climate ...  The Independent
EU targets will require 60% of new cars to be ultra-low emissions by 2030  AutoExpress