PRESS DIGEST-British Business - September 29
Sept 29 (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 engine maker Rolls-Royce RR.L will invest £300 million ($397.47 million) in its manufacturing and engineering facilities across Britain for aerospace and defence.
Glencore GLEN.L is contesting a £264 million tax bill, arguing HM Revenue and Customs waited too long to issue its demand over claims that the miner directed some trading points to Switzerland, where the corporate tax rate is lower.
The Guardian
The British arm of German discounter Aldi will invest £900 million in the UK and open 40 more stores next year, as it seeks to grow its market share.
British Prime Minister Andy Burnham launched a help-to-buy scheme offering first-time buyers a 20% equity loan to help them buy a new-build home.
The Telegraph
British communications regulator Ofcom blocked BT-owned BT.L broadband provider Openreach from offering rival discounted access to its network, over concerns that the plans would threaten competition.
British supermarket group Morrisons has started selling its pharmacies to individual buyers as it seeks to reduce debt.
Sky News
Revolut, Monzo and Shawbrook SHAW.L are urging UK finance minister John Healey to increase the profit threshold at which the corporation tax surcharge kicks in to £500 million.
Transport secretary Heidi Alexander said Avanti West Coast's London to Scotland rail services will be nationalised from March 2027.
The Independent
British parcel delivery company Evri is facing delivery disruptions across shops and Post Office branches as it makes changes to its collection network.
($1 = 0.7548 pounds)