PRESS DIGEST – British business – Nov 9

The Times

RBS BOSS SAYS EUROPEAN MARKETS MAY SHIFT TO ASIA

Tougher regulation in Western economies could trigger a
shift in investment banking away from Europe and towards Asia,
Royal Bank of Scotland (RBS.L: ) chairman Philip Hampton said.

THOUSANDS COULD LOSE JOBS AS ROK COLLAPSES

Property repair and maintenance group Rok has filed for
administration, putting thousands of jobs at risk just two
months after the collapse of rival Connaught.

DE LA RUE PREPARES TO CUT WORKFORCE

Banknote publisher De La Rue (DLAR.L: ) is set to cut dozens
of jobs as it is forced to pulp tonnes of high-quality paper for
which it cannot find a buyer.

JOBS THREAT FOR NOKIA

Nokia (NOK1V.HE: ) has moved to bring the Symbian operating
system for smartphones back in-house after attempts to make the
platform open-source slowed its efforts to compete with rivals.

The Daily Telegraph

PEARSON TO DOUBLE NUMBER OF LANGUAGE SCHOOLS IN CHINA

Pearson (PSON.L: ) will almost double the size of its language
school business in China, building 50 new schools in the next
three to five years.

The Guardian

INQUIRY LAUNCHED INTO SOARING EXECUTIVE PAY

An investigation into the escalating pay of boardroom bosses
will be launched today as Barclays (BARC.L: ) prepares to reveal
that its investment banking arm has collected a pay and bonus
pot of 4 billion pounds this year.

(Summary compiled by Reuters)

PRESS DIGEST – British business – Nov 9