PRESS DIGEST-SUNDAY BRITISH BUSINESS-JUN 1

LONDON, June 1 (Reuters) - British newspapers reported the following business stories on Sunday. Reuters has not independently verified these media reports and does not vouch for their accuracy.

The Sunday Times

LLOYD'S TO QUIT ICONIC CITY HEADQUARTERS

Lloyd's of London is in talks to leave its landmark headquarters for a nearby skyscraper nicknamed Gotham City.

Relocation of the market - the nerve centre of the world's insurance industry - would significantly reshape the heart of the square mile.

CANCER TRIALS SUCCESS SHORES UP ASTRA DIRECTORS

Directors at AstraZeneca have been given a boost with the release of promising trial results for new drugs to fight lung and ovarian cancer.

ISRAELI TYCOON PURSUES SOROS OVER LOSS OF AFRICAN MINES

The Israeli billionaire Beny Steinmetz will launch a multi-billion-pound lawsuit this month against George Soros and Rio Tinto after his rights to the most prized iron ore deposit in Africa were revoked.

The suit, to be filed at the High Court in London, is expected to allege that Rio Tinto formed a conspiracy with Soros and Global Witness, a campaign group funded by him, to force Steinmetz out of the Simandou project in Guinea.

WOODFORD SEEKS DEAL TO AVERT FOOTSIE CHAOS

Investment guru Neil Woodford is in talks about a multi-billion-pound deal with his former employer that will see him take back large stakes in some of Britain's biggest companies.

Woodford wants to secure control of the stakes from Invesco Perpetual in an off-market deal that will avoid creating havoc in share prices.

RAC DRIVES TO MARKET WITH 2 BLN STG LISTING

Breakdown company RAC is set for a float that could value it at 2 billion pounds ($3.35 billion)- and bring a bumper payday for its private equity owners.

Carlyle, the American buyout firm, is close to hiring investment banks to list RAC on the London market.

TESCO HITS NEW LOW AS SALES CRUMBLE

Tesco risks being forced into another profit warning later this year unless it halts the collapse in sales at its British stores, analysts and shareholders have warned.

REUBENS TAKE ON RAF IN DOGFIGHT OVER NORTHOLT

Billionaire property moguls David and Simon Reuben have launched a legal challenge to halt the soaring number of civilian flights at RAF Northolt, the airport used by the Queen and prime minister.

JAPANESE PLOT RAID ON BNP IN AMERICA

Japan's biggest banks are considering a bid for the American operations of BNP Paribas as the French financial giant fights U.S. regulators over a possible $10 billion fine for sanction busting.

CENTRICA LOSES ANOTHER TOP BOSS

The top-level exodus from Centrica, owner of British Gas, has gathered pace with the departure of mergers and acquisitions chief Russell Alton.