PRESS DIGEST- British Business - March 21

March 21 (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

Nearly 15 years after Tesco Plc bought One Stop it

is still paying staff at the convenience chain less and charging

customers more for products than in its Tesco Express outlets.

Aberdeen Asset Management Plc and Standard Life

have given more details about how the joint chief

executives of the enlarged business will split their roles in an

attempt to head off investors' concern.

The Guardian

HSBC Holdings Plc , the Royal Bank of Scotland Plc

, Lloyds Banking Group Plc , Barclays Plc

and Coutts are among 17 banks based in the UK, or with

branches here, that are facing questions over vast

money-laundering operation run by Russian criminals with links

to the Russian government and the KGB.

Theresa May has informed the European council that she will

trigger article 50 on Wednesday 29 March, but European sources

have made clear that Britain could be forced to wait until June

to embark on formal talks.

The Telegraph

Arcadia Group chairman Philip Green "prioritised his loyal

senior managers" with his 363 million pounds ($449.21

million)deal to help plug the BHS pension black hole, MPs

scrutinising the agreement have concluded.

Sports Direct International Plc has lost a trademark

battle against a small online business despite claiming that the

company, run by a husband and wife team, would confuse consumers

about its burgeoning gym business.

Sky News

Japan Tobacco International (JTI) and Imperial Brands Plc

are examining whether to pump tens of millions of pounds

into P&H in return for an equity stake.

George Osborne has defended his shock appointment as the new

London Evening Standard editor after facing criticism for saying

he will stay on as an MP while also heading up the newspaper

from this May.

The Independent

UK's ambassador to Europe Tim Barrow has warned that the EU

will push for Britain to pay a hefty Brexit "divorce bill" after

Theresa May triggers Article 50 on March 29.

($1 = 0.8081 pounds)

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