December 4, 2019 / 12:42 AM / 8 days ago

PRESS DIGEST-British Business - Dec 4

Dec 4 (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

- Pakistani property developer Malik Riaz Hussain has agreed to surrender a total of 190 million pounds ($243.77 million), as part of the largest asset recovery settlement ever recorded by the National Crime Agency.

The Guardian

- Institute for Fiscal Studies warned that Labour's plan to renationalise large chunks of the economy risks years of disruption that could delay Britain's transition to a low-carbon economy.

The Telegraph

- Lloyd's of London will launch a groundbreaking space insurance policy on Wednesday in the hope that the booming industry can send profits into orbit in the coming decades.

Sky News

- Mayfair Equity Partners is close to announcing the purchase of a substantial shareholding in Parcel2Go and sources said that a deal, the terms of which were unclear on Tuesday, could be announced later this week.

- Sky, the parent firm of Sky News, has announced plans to develop a new 32-acre TV and film studio at Elstree in Hertfordshire, creating up to 2,000 jobs and attract an additional 3 billion pounds ($3.85 billion)of production investment over the first five years of operation.

The Independent

- The Conservative Party risks a "complete capitulation" to U.S. President Donald Trump on a manifesto pledge to clamp down on tax dodging by U.S. technology companies, a taxation expert has said. ($1 = 0.7794 pounds) (Compiled by Bengaluru newsroom)

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