PRESS DIGEST- Financial Times - August 4

Aug 4 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Singapore's GIC to take 25% stake in Spanish broadband venture

- UK to spend an extra 100 million pounds boosting border security

- Motor finance redress scheme to cost banks up to 18 billion pounds, says FCA

- Darktrace targets revenues of $1 billion in US expansion drive

Overview

- Singapore's GIC is set to take a 25% stake in a fibre optic broadband venture between MasOrange and Vodafone Spain in a deal that will give the sovereign wealth fund a foothold in one of Europe's biggest telecoms markets.

- UK home secretary Yvette Cooper announced on Sunday a 100 million pounds ($132.58 million) investment in border security to pay for up to 300 extra National Crime Agency officers, and new detection technology to combat criminal, people smuggling gangs.

- Banks that made UK car loans may still need to pay out up to 18 billion pounds ($23.86 billion) under a compensation scheme to be rolled out by Britain's financial watchdog, despite a court ruling on Friday that removed the risk of more widespread redress.

- UK cyber security company Darktrace is accelerating its expansion in the US as part of a push by the group to hit $1 billion in revenues and compete with larger rivals Palo Alto Networks PANW.O and CrowdStrike.

($1 = 0.7543 pounds)