Reuters: Mergers News: PRESS DIGEST - British business - April 2

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PRESS DIGEST - British business - April 2 Apr 2nd 2012, 00:18 Sun Apr 1, 2012 8:18pm EDT PriceWaterhouseCoopers (PwC) is embroiled in a potentially explosive row with a client after questions were raised about its auditing, according to the Times. Royal Bank of Scotland is expected to re-instate dividends on its preference shares in May, which could lead to a 400 million pound ($639.10 million) capital raising. The international business community has launched a blistering attack on the Indian government for a retrospective tax grab against multinational companies. Buy-out group OpCapita has paid 50 million pound for 333 Game stores and will appoint former Halfords' chief executive David Hamid as chairman. Executives pay has spiralled out of control because nearly half of remuneration committee members are either serving or former company bosses, according to a report by the High Pay Commission. The French energy giant EDF is working up contingency plans should Centrica walk away from their joint venture to build a new wave of nuclear power stations.

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