PRESS DIGEST-British Business - March 5

March 5 (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

- Investment banking giant Morgan Stanley MS.N has laid off about 3% of its workforce, or roughly 2,500 employees across all divisions.

- London's Heathrow Airport has been accused of “misrepresentation” over claims a third runway can be delivered within a decade at no cost to the taxpayer.

The Guardian

- Nvidia NVDA.O is investing in the British self-driving startup Oxa, alongside backing from the UK’s National Wealth Fund, in a boost to the country’s technology sector.

- Europe’s largest trade union is trying to gain control of the works council at Elon Musk’s Tesla gigafactory near Berlin, in an industrial relations showdown marked by lawsuits and mutual accusations of slander.

The Telegraph

- Gulf Marine Services GMS.L received instructions from one of its clients in the Middle East to evacuate staff from the Persian Gulf as a “safety precaution” amid escalating conflict in the region.

- James Watt, co-founder of BrewDog, has apologised to investors left out of pocket by the company’s cut-price sale, admitting that the craft beer business had “expanded too fast and diversified too broadly”.

Sky News

- Asset manager Blackrock BLK.N is to take a stake in second-hand fashion marketplace Vinted as part of a deal valuing it at about 7 billion pounds ($9.35 billion).

The Independent

- Britain's Financial Conduct Authority fined John Wood Group PLC WG.L nearly 13 million pounds for publishing inaccurate information in its financial results.

($1 = 0.7484 pounds)