PRESS DIGEST - British business - March 5 =7

GCap's GCAP.L board was on Tuesday night in discussions over whether to accept Global Radio's increased 371 million pounds offer. GCap shareholders Schroders (SDRt.L: Quote, Profile, Research, Stock Buzz)(SDR.L: Quote, Profile, Research, Stock Buzz) and Standard Life (SL.L: Quote, Profile, Research, Stock Buzz) both want to see the groups hold talks. David Cumming, head of UK equities at Standard Life Investments, commented: "Due to the increased offer, we believe that it's appropriate GCap engage with Global Radio with a view to accepting the revised bid terms." Investec Securities' Steve Liechti described Global Radio's 225 pence-a-share offer as "very punchy and attractive," while Ingenious Securities said in a note that it was "a full and arguably fair final offer."

Prepared for Reuters by Durrants