August 20, 2017 / 11:30 PM / 7 months ago

PRESS DIGEST- British Business - Aug 21

Aug 21 (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

- IVP, a venture capital firm based in Silicon Valley which has backed Snapchat, Twitter and Netflix, is understood to be in advanced talks to invest tens of millions of pounds in Transferwise.

- O2 Chief Executive Mark Evans has told BT Group Plc and Three that a dispute about the airwaves could damage the economy and harm consumers.

The Guardian

- Plans to hit rail commuters with the biggest fare rises in five years will force many key workers, including nurses and teaching assistants, to quit their jobs, the biggest public-sector union Unison warned on Saturday.

- Silver Reel, the Swiss finance and production company behind films including the upcoming Breathe, Andy Serkis's directorial debut featuring Andrew Garfield and Claire Foy, is launching a 50-million-euro ($58.76-million) fund to make TV drama in Britain, taking advantage of the weakening of the pound since the Brexit vote.

The Telegraph

- The Financial Times has reported a small profit for its first year under Japanese ownership, following its debt-fuelled 844 million pound ($1.09 billion) takeover by the publisher Nikkei.

- Glennmont Partners, formerly BNP Paribas Clean Energy Partners, said the institution-only refinancing of Sleaford Biomass Plant is the largest of its kind in the sector to date.

Sky News

- IVP, whose roll-call of deals includes Snapchat parent Snap, Twitter and Netflix, is close to a deal to invest tens of millions of pounds in TransferWise.

- More than a third of parents dip into their savings to fund back-to-school costs of almost 175 pounds, according to Nationwide Current Accounts' annual survey.

$1 = 0.7770 pounds $1 = 0.8510 euros Compiled by Bengaluru newsroom; Editing by Sandra Maler

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