Reuters: Mergers News: PRESS DIGEST - British business - April 4

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

PRESS DIGEST - British business - April 4 Apr 4th 2012, 00:50 Tue Apr 3, 2012 8:50pm EDT Kraft Foods Inc Chief Executive Irene Rosenfeld has been rewarded for laying off staff at Cadbury staff with a 13.5 percent pay rise to almost $22 million. Raleigh Cycle, maker of the bicycles in Britain, could be sold to Accell, a Dutch bicycle-making company. Ian Hannam, one of the London's financial district's most prolific bankers, has resigned from JP Morgan after being fined 450,000 pounds by the Financial Services Authority for market abuse. James Murdoch stepped down as chairman of BSkyB on Monday, six weeks after giving up a similar role at News International, in the wake of the criticism of his handling of the News of the World phone hacking scandal. JJB Sports saw a jump in its battered share price today after confirming it was involved in funding talks with a potential strategic partner.

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