May 8, 2018 / 1:17 AM / a year ago

PRESS DIGEST- British Business - May 8

May 8 (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

Defence officials warned the government that backing a European ban on palm oil could jeopardise a deal to sell British-built fighter jets to Malaysia, documents have revealed.

City dealmakers are on track to rake in their biggest fees since the financial crisis after billing more than half a billion dollars since the start of January.

The Guardian

The BBC, Channel 4 and ITV have held discussions about joining forces to create a British streaming service to combat the increasing power of Netflix Inc and Inc in the UK.

Britain's manufacturers have called on the government to make faster progress on its industrial strategy to help address a slump in productivity in key sectors.

The Telegraph

Virgin Money is mulling a proposed takeover bid from the owner of Clydesdale Bank and Yorkshire Bank which would value the challenger bank at 1.6 billion pounds ($2.17 billion).

Team17, the British company behind the classic video game series Worms, has plans for a float which could value the company at 230 million pounds.

Sky News

Paragon Banking Group has begun exclusive negotiations to buy Titlestone Property Finance from the giant private equity firm Oaktree.

BT Group Plc has sparked a legal fight with ministers over pension reforms which it claims have increased the burden of one of the biggest retirement scheme liabilities in corporate Britain.

The Independent

More than 100 flights between the UK and Italy were cancelled on Tuesday ahead of a strike by air-traffic controllers and ground staff. ($1 = 0.7369 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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