August 18, 2019 / 11:32 PM / 5 months ago

PRESS DIGEST- British Business - Aug 19

Aug 19 (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

Electricity provider National Grid Plc is routinely restricting the use of its own power cables from mainland Europe because of the risk of blackouts if they failed, a source said.

Highly sensitive personal data, including banking details of more than 1,600 Royal Bank of Scotland Group Plc's NatWest customers, has been left in a former employee's home for more than a decade because the bank has been unable to reach an agreement on the safe return of the information.

The Guardian

The United Kingdom could face a three-month meltdown at its ports, a hard Irish border and shortages of food and medicine if it leaves the European Union without a deal, according to leaked government documents.

Britain's finance minister Sajid Javid has quashed speculation that he could shift stamp duty on to home sellers rather than buyers, just two days after suggesting he could look at the idea.

The Telegraph

Fund manager Neil Woodford has sold his 20 percent stake in early stage hardware firm Ultrahaptics to private equity firm Mayfair Equity Partners.

Whittard of Chelsea's finance chief Nathan Smith will become chief executive of the tea retailer after its boss of five years Mark Dunhill resigned last month.

Sky News

Outsourcing firm Mitie Group Plc is set to sell a majority shareholding in its catering arm Gather & Gather to CH&CO, a contract caterer which holds a royal warrant.

Dominic Murphy, a former partner at KKR, is in talks to join CVC Capital Partners.

Compiled by Bengaluru newsroom, Editing by Rosalba O'Brien

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