PRESS DIGEST-British Business - July 14

July 14 (Reuters) - 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

- The chairman of British homebuilder Countryside Partnerships has left abruptly, casting uncertainty over the housebuilder at a time when it is searching for a potential buyer as well as a new chief executive. https://bit.ly/3PqX4cR

- UK's Competition and Markets Authority has launched an investigation into potential cartel-like behaviour by four of Britain's biggest sports broadcasters BT, ITV, Sky and IMG Media. https://bit.ly/3IyDfhD

The Guardian

- Britain's Financial Reporting Council said it had fined UHY Hacker Young 300,000 pounds ($356,070), and imposed other sanctions against the firm, relating to its audits of the retailer Laura Ashley, which slid into administration during the pandemic. https://bit.ly/3z1p1CM

- Britain's energy regulator Ofgem has told a string of suppliers to take urgent action after finding "severe weaknesses" in handling customers direct debits. https://bit.ly/3yG88Mm

The Telegraph

- The next prime minister will have room to cut taxes without stoking inflation, Britain's fiscal watchdog has said, in a boost for Tory leadership candidates who have pledged to reduce the burden on private industry. https://bit.ly/3nYIZI3

- Former UK foreign secretary Jeremy Hunt has endorsed Rishi Sunak to be the next Conservative Party leader after being voted out of the race. https://bit.ly/3azHBZ8

Sky News

- Vue International, Britain's third-biggest cinema chain, is close to bringing the curtain up on a 1 billion pounds ($1.19 billion) recapitalisation that will see its lenders take ownership of the business and put it back on a sustainable financial footing. https://bit.ly/3PbCn4X

- Boris Johnson's business chief Alex Hickman is finalising plans to join Teneo, a US-based advisory business which has a substantial presence in the UK. https://bit.ly/3PpG1YB

($1 = 0.8425 pounds) (Compiled by Bengaluru newsroom)