PRESS DIGEST-British Business - Dec 9

Reuters

Dec 9 (Reuters) - The following are the top stories on thebusiness pages of British newspapers. Reuters has not verifiedthese stories and does not vouch for their accuracy.

The Telegraph

BT SPORT AND BSKYB IN POLE POSITION FOR RIGHTS TO ELECTRICRACING SERIES

Formula E, the world's first electric single-seater motorracing series, is in talks with BT Sport and BSkyB about a British television rights deal. ()

INEOS PLANS TO SHARE OUT GRANGEMOUTH SITE

Ineos, the owner of Grangemouth, is planning toattract other companies to the Scottish industrial site in a bidto expand its customer base and share soaring energy and otherutility costs. ()

AXE CARBON TAX TO KEEP LIGHTS ON AND CUT ENERGY BILLS, SAYSSCOTTISHPOWER CHIEF

Britain's unilateral carbon tax should be scrapped before itcauses blackouts, pushes up household bills and makes Britainuncompetitive, ScottishPower argues. ()

The Guardian

DONG ENERGY UPBEAT ABOUT OFFSHORE WIND POWER THANKS TOHIGHER SUBSIDY

Dong Energy, the company that claims to be the biggestdeveloper of windfarms in the world, believes it is "game on" inthe North Sea with nothing to hold back new investment. ()

The Times

WTO DEAL'S 1 BLN STG BOOST FOR BRITAIN

British business will receive 1 billion pounds ($1.64billion) per year from the "historic" deal struck yesterday toend a 20-year impasse on global trade. Prime Minister DavidCameron hailed the agreement as a "lifeline" for the world'spoorest people, as well as a boon for Britain's exporters. ()

ED DAVEY'S WORDS FALL ON STONEY GROUND AT HINKLEY POINT

Ed Davey's claim that British companies will win most of thework to build EDF's 16 billion pound Hinkley Pointnuclear reactor was on shaky ground last night after it emergedthat his remarks contradicted a government report. ()

DE VERE SELL-OFF TO PUSH LOSSES TO 900 MLN STG FOR LLOYDS

Lloyds Banking Group is preparing to kick-start thesell-off of De Vere Group in a move that could pushtotal write-offs on the taxpayer-supported bank's backing of thehotel and leisure operator to almost 900 million pounds. ()

INSULATION SCHEME WILL HAVE LESS OBLIGATION

Energy companies and their successful lobbying efforts havecome under fire from consumer groups after it emerged that evenfewer households will have their homes insulated under anabbreviated government-backed scheme. ()

JOBS SAVED AT ASBESTOS FIRM

More than 1,000 jobs at Silverdell, an asbestosclean-up specialist, are to be secured by a rescue deal.Rcapital, a turnaround fund, stepped in as the troubledcompany's bank prepared to pull the plug. ()

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