PRESS DIGEST-British Business - Aug 14

Aug 14 (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

Hipgnosis Songs Fund Ltd on Thursday bought the music royalty catalogue of the U.S.-based hip hop and R&B music producer, Ernest Wilson, known as No ID. https://bit.ly/30UeKHp UK fashion retailer River Island is to cut up to 350 senior shop roles as it struggles to deal with the lockdown and shift to online shopping. https://bit.ly/3kJhBLe

The Guardian

British fashion retailer New Look has put itself up for sale and is planning its second rescue restructure in less than 18 months as it tries to trim rents and cut debt after a slump in sales. https://bit.ly/3kHE639

Daily Mail and General Trust, the publisher of the Daily Mail is to cut up to 100 roles as the COVID-19 pandemic continues to hammer the newspaper and magazine industry. https://bit.ly/31P89gH

The Telegraph

Prime Minister Boris Johnson will stamp major schemes in Scotland that are paid for directly by the UK Government with a Union flag from next year. https://bit.ly/2XVKlq7

The Docklands airport will put on hold a 480 million pounds ($627.07 million) programme to boost passenger capacity once construction on eight new stands for aircraft and a taxiway parallel to the runway is finished at the end of the year. https://bit.ly/3h7jnU0

Sky News

British cinema chain Vue International is in advanced talks to secure a fresh funding buffer to help weather the impact of the coronavirus pandemic. https://bit.ly/3gQGYZ8

UK Prime Minister Boris Johnson has been urged to guarantee an extension to the business rates holiday now to help ensure the survival of firms hit hard by the pandemic. https://bit.ly/2PSnBTy

($1 = 0.7655 pounds) (Compiled by Bengaluru newsroom)