PRESS DIGEST-British Business - January 21

Jan 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

- Britain's drug company GSK GSK.L has agreed to buy a US biopharma company RAPT Therapeutics RAPT.O developing a treatment for food allergies for $2.2 billion in the first bolt-on acquisition under its new chief executive.

The Guardian

- Britain's culture secretary, Lisa Nandy, intends to ask the UK's media and competition watchdogs to examine the proposed 500 million pounds ($671.65 million) takeover of the Telegraph titles by the owner of the Daily Mail.

- Netflix NFLX.O has sweetened its $82.7 billion offer for the studios and streaming businesses of Warner Bros Discovery WBD.O (WBD) by making it an all-cash deal, streamlining its potential completion in the face of a hostile bid from Paramount Skydance PSKY.O.

The Telegraph

- A Danish ⁠pension fund AkademikerPension said it plans to divest its holdings of U.S. government debt in response to Donald Trump's threats against Greenland.

- Struggling supermarket Asda is to outsource jobs handling online deliveries for its George fashion range to DHL, with 1,200 roles set to be affected.

Sky News

- British retailer Next NXT.L is closing in on a deal to add Russell & Bromley (R&B) as soon as Wednesday, to its stable of brands as another prominent retail name prepares to disappear from the high street.

- Another of Marks & Spencer's MKS.L most senior executives Josie Smith, the retailer's chief technology officer, is leaving the company less than a year after its operations were devastated by a cyber attack.

($1 = 0.7444 pounds)