Headlines - Activision Blizzard blasts UK after regulator blocks $75bn Microsoft deal - KPMG fined 1 mln stg over 'rudimentary' failures in TheWorks audit - Teck Resources scraps restructuring vote as it faces pressure from Glencore bid - UK forces prepare to take over Sudan evacuation - Job cuts loom at CBI unless UK lobby group restores members' confidence
Overview - The UK competition regulator has blocked Microsoft's $75 billion acquisition of Activision Blizzard , drawing a furious response from the video games maker, which branded Britain "clearly closed for business". - KPMG has been fined 1 million pounds ($1.25 million) by the UK accounting regulator over its auditing of stationery seller TheWorks.co.uk, taking the total penalties and costs levied against the Big Four firm to 69 million pounds over the past five years. - Canadian miner Teck Resources on Wednesday abandoned a shareholder resolution to split the company just hours before the vote, as it comes under pressure from a multibillion dollar hostile bid from Glencore . - UK forces were preparing on Wednesday to take over evacuation operations at the airfield near Khartoum that is being used to repatriate foreign nationals from Sudan, as part of a closely co-ordinated international airlift with a "very good rate of flow". - Staff at the Confederation of British Industry are facing the prospect of job cuts within months unless the British business lobby group can head off a looming financial crunch triggered by more than 50 members either cutting or suspending ties, insiders have warned. ($1 = 0.8019 pounds) (Compiled by Bengaluru newsroom)
