PRESS DIGEST- British Business - Aug 4
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.
UK Financial Investments, the Treasury-run manager of the RBS holding, confirmed that it had begun offloading 600 million shares valued at about 2 billion pounds ($3.12 billion) that will cut the taxpayer's holding in the Royal Bank of Scotland by five percentage points to 73.2 percent. (thetim.es/1SXu5sI)
Five weeks of capital controls in Greece have led to a collapse in new orders, pushing the country's manufacturing into crisis. Markit's purchasing managers' index dived from 46.9 to 30.2, where any reading below 50 indicates contraction. (thetim.es/1SXuAms)