March 7, 2019 / 1:05 AM / 4 months ago

PRESS DIGEST- British Business - March 7

March 7 (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

Mike Turner, an industrialist who previously led BAE Systems, the defence group, is to resign as a director of Barclays Plc after only 16 months on the board as part of an overhaul by the bank's incoming chairman.

Springburn depot, a rail depot in Glasgow is to close, putting almost 200 jobs at risk, after Gemini Rail Services has now confirmed its closure by next March.

The Guardian

Almost 90 percent of UK shoppers use Inc and 40 percent have access to its Prime subscription service, according to the market research firm Mintel.

In a deal between the UK government and the offshore wind sector, industry players have agreed to invest 250 million pounds ($329.40 million) over the next 11 years in exchange for participation in 557 million pounds of state subsidies for renewable energy.

The Telegraph Inc unveiled initiatives it would be rolling out in the UK including a 130,000 pounds-a-year bursary to help female students from a low-income background, and a programme to help women get back into work, although did not set targets for how many more women it wanted to bring into the business.

Embracing free trade would limit the damage caused by a "no deal" Brexit, give a bounty of cheaper imports to consumers and strengthen Britain's hand in EU negotiations, according to top German economists.

Sky News

Nationwide Building Society, Britain's biggest building society, is taking a 15 million pounds stake in 10x Future Technologies, a banking technology start-up founded by Antony Jenkins, the former Barclays chief executive.

British MPs have demanded to be given details of the government's plans for post-Brexit trade tariffs after Sky News revealed they would be cut sharply if there is no deal.

The Independent

A no-deal Brexit could push the UK into a recession, which could then spread through the global economy, according to the Organisation for Economic Co-operation and Development think tank.

Bookmaker Paddy Power Betfair Plc has revealed plans to change its name to Flutter Entertainment, if shareholders give their approval.

$1 = 0.7590 pounds Compiled by Bengaluru newsroom

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