August 27, 2017 / 11:14 PM / a year ago

PRESS DIGEST- British Business - Aug 28

Aug 28 (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

* Four in five BHS stores lie vacant a year after the department store chain closed its doors as the failure of the retailer continues to haunt the high street.

* Most of the five million people who have valuable pension rights clocked up from previous jobs are being neglected by their ex-employers, according to former pensions minister Steven Webb.

The Guardian

* AstraZeneca, Britain's second-largest drugmaker, is to announce further investment in its Macclesfield site in northern England, in a boost for Britain's 60 billion pounds life sciences industry.

* Traditional broadcasters such as the BBC, ITV and Sky could lose a combined 1 billion pounds per year if rival services from Amazon, Facebook and YouTube become dominant players in the TV industry over the next decade, according to a report by OC&C Strategy Consultants.

The Telegraph

* Analytics upstart AppScatter is planning to float on the London Stock Exchange's junior Aim market with a value of 41 million pounds.

* British cannabis-derived medicines company GW Pharma is planning to gear up its plant growing and processing operations in the UK over the next year.

Sky News

* Canyon Bridge Capital Partners has hired advisers from the Wall Street bank Citi to work on an offer for Imagination , one of Britain's leading technology businesses, according to Sky News.

* Lee Jae-yong, the billionaire heir to the Samsung empire has been sentenced to five years in prison after being convicted of offering bribes to South Korea's former president.

The Independent

* Aldi customers have been advised to check their bank accounts after the supermarket chain doubled-charged shoppers for their purchases.

* German business confidence fell less than expected in August after climbing to three record highs in a row, suggesting that a consumption-led upswing in Europe's largest economy will continue despite concern about a car emissions scandal. (Compiled by Bengaluru newsroom; Editing by Peter Cooney)

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