PRESS DIGEST-British Business - June 3

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June 3 (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

- Hellman & Friedman, an American private equity house, on Tuesday agreed to buy Hyve from Providence Equity and Searchlight Capital for $1.8 billion.

- Real estate group British Land Company BLND.L announced the appointment of Joanne McNamara as chief executive officer, following former chief Simon Carter's surprise departure in January.

The Guardian

- A 24-hour strike by London Underground drivers has begun, causing huge disruption to tube services and on the roads, with a second strike planned for Thursday.

The Telegraph

- Britain "must fight" to attract foreign investment, the chief executive of Barclays BARC.L has said, as the UK's share of international funding declines.

Sky News

- Modella Capital briefed staff on plans for a company voluntary arrangement at footwear chain Wynsors World of Shoes, that could spell fresh job losses.


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