PRESS DIGEST-British Business - Oct 8

Reuters

Oct 8 - The following are the top stories on the businesspages of British newspapers. Reuters has not verified thesestories and does not vouch for their accuracy.

The Telegraph

ROYAL MAIL IPO: RETAIL INVESTOR DEMAND HIGHEST SINCE LASTMINUTE FLOAT

Share sales creates a frenzy in the "grey market" as privateinvestors bet the Royal Mail's share price willstart trading at 4.03 pounds, well above the government's guideprice.

MINISTERS FACE ATTACK OVER GROWING BLACKOUT RISK

Business groups have attacked the Government's energystrategy after National Grid revealed that the risk of winterblackouts was the highest for more than five years.

The Guardian

ROYAL MAIL IPO: MINISTERS TO INCREASE AMOUNT OF PUBLICSHARES

The government will bow to a mounting outcry and ensure thepublic do not lose out to banks, hedge funds and other financialspeculators in the 3 billion pound selloff of Royal Mail shares.

EAST COAST RAIL PAYS OUT MILLIONS IN DIVIDENDS TO TAXPAYERS

East coast, the sole state-operated train service in thenational rail network, paid more than 200 million pounds individends and premiums to the taxpayer in 2012-13, figures to bepublished on Tuesday show.

The Times

SALES, ORDERS, JOBS: OUTLOOK MUCH BETTER, SAY CHAMBERS

A sharp pick-up in sales, orders and hiring intentionsacross Britain has added to the growing weight of evidence aneconomic recovery is rapidly taking hold. The barometers foractivity in both services and manufacturing are pointing farstronger than three months ago, according to the latest snapshotfrom the British Chambers of Commerce (BCC).

MOSS BRINGS BACK 'K-FACTOR' TO AID TOPSHOP

Kate Moss and Sir Philip Green are to renew theirpartnership as the retail entrepreneur embarks on another waveof international expansion. His Topshop chain will launch thesuper model's first collection since 2010 with a spring andsummer range in April.

Sky News

GOVERNMENT PRESSES MAIL BOARD TO WAIVE SHARES

Non-executive board members of Royal Mail, which will beformally privatised in the next week, were asked by theDepartment for Business, Innovation and Skills (Bis) not toparticipate in the employee scheme, according to sources closeto the company.

TESCO HUNTS SALES IN PREMIUM BRAND RELAUNCH

Supermarket chain Tesco has relaunched its premiumfood brand for the first time in 15 years as it tries to stem aslump in profit.

The Independent

WHEN IT COMES TO INNOVATION, UK IS PATENTLY LAGGING

UK companies have failed to muster a single entry in theworld's top 100 global innovators based on patent filings, areport out today reveals.

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