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PRESS DIGEST-British Business - Feb 25

Feb 25 (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

- Soho House, the chain of private members' clubs, is poised to join the flotation boom as it plans to list in New York with a valuation of as much as $3 billion. https://bit.ly/3st4qAW

- The governor of the Bank of England Andrew Bailey has warned Brussels that it risks causing a "very serious escalation" of tensions between Britain and the European Union if it attempts to prise away a lucrative corner of London's financial services market. https://bit.ly/2NtT2q1

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The Guardian

- Britain's opposition Labour leader Keir Starmer is under pressure to back future rises in corporation tax after a backlash when he said he would oppose any new tax on business in next week's budget. https://bit.ly/3017mZL

- British finance minister Rishi Sunak has ruled out a rise in fuel duty after concluding that reliance on cars as a transport safety measure during the pandemic is still too great, according to Treasury sources. https://bit.ly/3kt6SF6

The Telegraph

- Lloyds Banking Group Plc is to axe a fifth of its office space after becoming the latest bank to embrace the home working revolution sweeping the City. https://bit.ly/3kmD8to

- Heathrow Airport has slashed interest payments on its crippling 20 billion pound ($28.29 billion) debt mountain as it was forced to issue a warning over the future of the business following a collapse in passenger numbers. https://bit.ly/2NXBzWC

Sky News

- Former Aviva Chief Executive Officer Mark Wilson has teamed up with Sun Capital Partners, a London-based private equity firm, to launch motor insurance venture Abacai Holdings. https://bit.ly/2MlPe9t

- The NHS is facing a legal challenge over its data deal with controversial Silicon Valley firm Palantir Technologies. https://bit.ly/3aOl9cb

The Independent

- Prime Minister Boris Johnson has been accused of misleading MPs, after he told the House of Commons there had been no cuts to the body responsible for transport in the North of England, just weeks after its central funding was slashed by 40 per cent. https://bit.ly/3bAEYmp

($1 = 0.7069 pounds) (Compiled by Bengaluru newsroom)