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PRESS DIGEST - British business - Oct 12

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The Times

FINANCIAL BIG GUNS TO SUPPORT GREECE

International lenders will this weekend discuss an emergencylifeboat worth up to 15 billion euros ($19.41 billion) aimed atpreventing the Greek crisis from pushing vulnerable Europeancountries to the east into deeper recession.

SMALL INVESTORS MISS OUT ON DIRECT LINE PARTY

The chief executive of Direct Line hailed asuccessful flotation on Thursday as shares in Britain's biggestmotor and household insurer leapt by more than 7 percent ontheir first day of trading.

The Telegraph EADS CHIEF WAS 'POLITICALLY NAIVE' OVER MERGER

EADS boss Tom Enders has been accused of being"naive" for misunderstanding the nature of Berlin's politicalstructure and failing to approach Germany directly over thegroup's proposed merger with BAE Systems .

FSA SAYS FURTHER QE IS THREAT TO ECONOMY

Britain's moneyprinting programme has run out of steam andother ways need to be found to stimulate the economy, accordingto Lord Turner, chairman of the Financial Services Authority.

The Guardian 'WHITEWASH' CLAIM OVER IRAQ ABUSE INQUIRY

Britain's Ministry of Defence said on Thursday aninvestigation would be launched into claims that an inquiry itset up to examine whether British troops abused Iraqi prisonershas become "little more than a whitewash".

The Independent BAKRIES FILE FOR DIVORCE FROM ROTHSCHILD

The relationship between the financier Nat Rothschild andIndonesia's powerful Bakrie family in the FTSE 250-listed minerBumi looks to be heading for a split after the latterfiled for divorce on Thursday.

($1 = 0.6234 British pounds)(Reporting by Stephen Mangan)

((stephen.mangan@thomsonreuters.com)(+44)(0)(20 7542 7931))

Keywords: PRESS DIGEST BRITISH BUSINESS OCT 12