PRESS DIGEST-British Business - March 12

Reuters
03-12
PRESS DIGEST-British Business - March 12

March 12 (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

British online fashion retailer Boohoo BOOH.L said it was rebranding itself as Debenhams Group and also named Phil Ellis as its new finance boss.

The threshold above which taxpayers will be required to file a self-assessment tax return is set to be raised to 3,000 pounds ($3,880.50) as the UK government revamps HM Revenue & Customs.

The Guardian

Lego said the toymaker is developing digital games and tying up with more traditionally adult brands such as Nike NKE.N and Formula One as it competes with social media to keep tweens interested in the brand.

Japanese automaker Toyota 7203.T said it plans to build battery vehicles in the UK in the future as it seeks to keep all of its European plants open.

The Telegraph

Volkswagen VOWG.DE said it is willing to consider building equipment for the German military as part of Europe's efforts to rearm.

Nationwide Building Society said it would give more than 12 million of its members a one-off 50 pound ($64.52) handout as a "thank-you" for supporting its 2.9-billion-pound takeover of Virgin Money last year.

Sky News

Manchester United plans to build a new two-billion-pound ($2.59 billion) 100,000-seat stadium that will be the biggest in Britain, next to the existing Old Trafford, the club announced on Tuesday.

The Independent

There are fears for hundreds of thousands of seabirds on the East Yorkshire coast after two ships collided off the coast of northeast England, adding to concerns the jet fuel carried by one and toxic chemicals aboard the other could cause an environmental disaster.

($1 = 0.7731 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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