PRESS DIGEST - British business - March 10 =6

Morrisons (MRW.L: Quote, Profile, Research, Stock Buzz) will on Thursday unveil its full-year numbers, with analysts of the opinion that the group will return between 500 million pounds and 1 billion pounds to shareholders over the next two years, dependent on market conditions. Improved full-year profits of 558 million pounds are expected, with Dresdner Kleinwort analysts noting, "Morrisons' finals mark the end of Sir Ken Morrison's involvement in the running of the group. We expect the retailer to do him proud with solid results."

NUMBER OF NEW HOMES BUILT SUBSIDES BY 10 PERCENT

Property research group Hometrack will reveal on Monday that housebuilding levels have declined by 10 percent in the past year, with further falls anticipated in the years to come. The group will caution that supply and affordability will remain restricted, while weaker housing market conditions, coupled with the credit crunch, look set to hamper the government's greatly expanded housebuilding volumes target. Research director Richard Donnell said that the reverse "comes at a time when the primary focus is on increasing housebuilding as a means of helping those priced out of the market."

CO-FOUNDER SOSKIES A BACK SEAT AT CHEAPFLIGHTS