The Telegraph

CONSORTIUM PULLS OUT OF STANSTED BID

The Australasian consortium bidding for London's Stansted

airport has dropped out of the running, turning the bid into a

likely two-horse race.

HBOS BOSSES AMONG EIGHT CHARGED OVER 35 MLN POUND FRAUD

Two ex-senior managers at HBOS were among eight people charged

by UK police in connection with an alleged 35 million pound ($56

million) fraud.

VIRGIN ATLANTIC HIRES US CHIEF TO LEAD FIGHT AGAINST RIVAL

Virgin Atlantic has hired an American Airlines executive

to succeed Steve Ridgway as its chief executive on Feb. 1.

'GREEDY' PUB GIANTS FACE LEGAL CRACKDOWN

Pub companies Enterprise Inns and Punch Taverns

may be in the line of fire after Business Secretary Vince Cable

declared war on pub companies who are exploiting their tenants.

The Times

BANK OF CANADA SHUNS THE GLOBAL APPROACH

The Bank of Canada has said it will accept applications from

Canadian nationals, in a pointed rejection of the UK's approach

to a global search for a governor of the Bank of England.

PROFITS TAKE HIT AS DEBENHAMS SLUGS IT OUT WITH RIVALS

Attempts to match rivals' discounts over Christmas have taken

their toll on profits at Debenhams.

The Guardian

TWITTER POSTS PROFITS OF JUST 16,500 POUNDS IN UK

Twitter posted profits of just 16,500 pounds in the first

accounts filed for its UK subsidiary.

TESCO DEFENDS INVESTMENT IN COFFEE SHOPS

Tesco's chief executive explained on Tuesday the

reasons for the supermarket's investment in an artisan coffee

shop business.

($1 = 0.6235 British pounds)

(Reporting by Brenda Goh; Editing by Anupama Dwivedi)

Keywords: PRESS DIGEST BRITISH BUSINESS/JAN 9

(brenda.goh@thomsonreuters.com)(+44 020 7542 2230)(Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net)

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