PRESS DIGEST-British Business - October 2

Oct 2 (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

- Private equity firm Bain Capital has submitted a first-round offer for Costa Coffee understood to be between 1.5 billion and 2 billion pounds, after Coca-Cola put the coffee chain up for sale.

- Fashion brand Burberry BRBY.L has scrapped its head of diversity role as part of a major cost-cutting programme that could lead to around 1,700 roles being cut by 2027, a fifth of its workforce.

The Guardian

- Small companies who supply parts used in Jaguar Land Rover cars have been asked by banks to put up their family homes as personal guarantees in order to access emergency loans, with no direct government support on offer for parts makers a month after the carmaker was hit by a cyber-attack.

The Telegraph

- The Labour office has revived its demand for Apple AAPL.O to create a "backdoor" to access the encrypted iCloud backups of British citizens.

Sky News

- British baker and fast-food chain Greggs GRG.L will raise prices on some of its products this week, as it grapples with increased employment costs.

The Independent

British energy group Ovo said it's "working closely with Ofgem to deliver a capitalisation plan" to meet regulations after it fell short of the industry watchdog's new regulatory targets to ensure financial strength among suppliers, which came into effect in April.