PRESS DIGEST-Financial Times - Aug 16

Headlines TPG approaches EY about buying stake in consulting arm UK to fall behind in growth of low-carbon power output, study finds British army's 3.2 billion pound($4.06 billion)battlefield radio 'next procurement disaster', Tory MP warns Overview Private equity group TPG Capital has approached accounting giant Ernst & Young (EY) about buying a stake in its consulting arm.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

TPG approaches EY about buying stake in consulting arm UK to fall behind in growth of low-carbon power output, study finds

British army's 3.2 billion pound($4.06 billion)battlefield radio 'next procurement disaster', Tory MP warns Overview

Private equity group TPG Capital has approached accounting giant Ernst & Young (EY) about buying a stake in its consulting arm. Electricity output from renewable and nuclear sources in the UK is set to grow by an average 2.9 percent per year between 2023 and 2030, research by the consultancy Oxford Economics found.

The British army's 3.2 billion pound delayed battlefield communications system threatens to become the Ministry of Defence's "next procurement disaster", critics have warned. ($1 = 0.7873 pounds) (Compiled by Bengaluru newsroom)