PRESS DIGEST-British Business - Aug 21

Aug 21 (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

- Retailer Marks & Spencer MKS.L said it would invest 340 million pounds ($457.47 million) into food distribution facility in Northamptonshire that will create 3,000 jobs by building a huge automated warehouse in the Midlands, as part of plans to double the size of its food business.

- British manufacturers face additional costs that could amount to hundreds of millions of pounds each year after a new 25% increase in tariffs applied to finished goods exported to the United States.

The Guardian

- UK ministers have lined up special managers to run Liberty Steel's South Yorkshire operations if they are put into administration, according to a revelation at the high court in London.

- UK Prax Lindsey oil refinery collapsed after "material irregularities" were discovered in a complex 783 million pounds ($1.05 billion) loan facility that funded the wider group, it has emerged.

The Telegraph

- Ed Miliband has been urged to block an Israeli-controlled company from drilling two of the largest remaining North Sea oil fields. Campaigners claim that Ithaca Energy's ITH.L profits will fuel genocide in Gaza.

- Dale Vince, the Labour-backing energy tycoon, has compared Elon Musk's Tesla TSLA.O to the Ku Klux Klan (KKK) as he opposes the company's bid to sell electricity to households.

Sky News

- Supermarket chain Tesco TSCO.L will be raising the price of its meal deals by 0.25 pounds($0.3364). The supermarket will now sell meal deals at 3.85 pounds($5.18)for those with a Clubcard, and 4.25 pounds($5.72)for those without.

($1 = 0.7432 pounds)