August 8, 2017 / 12:01 AM / 7 months ago

PRESS DIGEST- British Business - Aug 8

Aug 8 (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

The booming jobs market shows no signs of abating, according to figures from recruitment agencies that show the fastest rise in jobs placements for more than two years.

Investors in Paddy Power Betfair Plc were nursing heavy losses yesterday after the FTSE 100 gambling operator surprised the market by announcing the resignation of its chief executive.

The Guardian

Companies will no longer be able to pay employees their salaries in gold bullion in the first use of a new law designed to combat "morally repugnant" tax avoidance schemes.

Hopes of a breakthrough for householders trapped in the leasehold scandal are rising after a major developer agreed to buy back some freeholds and axe ground rent clauses.

The Telegraph

Global Blue, the tax refund payment firm, is paving the way for a 4-billion-euro ($4.72 billion) flotation at the turn of the year, possibly in London.

The government has given the green light to a major offshore wind farm which could prove to be the cheapest yet in UK waters.

Sky News

An investment vehicle set up by two scions of the billionaire Wal-Mart Stores Inc dynasty will this week emerge as the victor of a 200-million-pound ($260.70 million)race to buy Rapha, the British maker of upmarket cycling gear.

Video-streaming business Netflix Inc has announced its first acquisition -- Millarworld, a Scottish comic book company.

The Independent

Average UK house prices are rising at their weakest annual pace since 2013 as the British public feels the squeeze on the wallets from a spike in inflation in the wake of the Brexit vote, according to the latest report from Halifax.

Large gaps in income and living standards between different ethnic groups persist in UK, according to the think tank Resolution Foundation.

$1 = 0.8475 euros $1 = 0.7672 pounds Compiled by Bengaluru newsroom; Editing by Sandra Maler

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