May 22 (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

- Rolls-Royce new chief executive Tufan Erginbilgic has delivered another critique of its performance, saying that one of its core divisions has been "grossly mismanaged".

The Guardian

- Meta Platforms Inc's Facebook is to be fined more than 746 million euros ($821.20 million) and ordered to suspend data transfers to the U.S. as an Irish regulator prepares to punish the social media network for its handling of user information.

The Telegraph

- U.S. semiconductor giant Cadence has taken over British microchip design company Pulsic, months after the government blocked a Chinese takeover of the business on national security grounds.

- Britain's tax system is riddled with "perverse" incentives and punishing levies that must be reformed to make work pay, said Harriett Baldwin, chair of Treasury Select Committee.

Sky News

- British government is to begin the hunt for a new boss of its flagship trade and cultural promotion campaign GREAT after the incumbent decided to step down after two years in charge.

The Independent

- British Prime Minister Rishi Sunak will consult his ethics adviser over whether Suella Braverman broke government rules by allegedly asking civil servants to help her avoid speeding points, as calls for an official inquiry mount.

($1 = 0.9084 euros) (Compiled by Bengaluru newsroom)