Feb 22 (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
Break up BT to boost the economy, says Sky boss
Jeremy Darroch, the chief executive of Sky Plc, has warned that Britain risks falling further behind other countries on broadband speeds if Ofcom does not break up BT Group and foster an era of fibre investment. Ofcom will reveal its plan to overhaul the regulation of Britain's broadband infrastructure on Thursday amid a wider debate about whether BT's consumer business should be split from Openreach, the network division that connects broadband lines. The regulator is expected to present a range of options but looks unlikely to remove the threat of a BT break-up at this stage. (http://thetim.es/1oCGLNW)
The Guardian
Sainsbury's expected to ask for more time in Home Retail Group battle
Sainsbury's is expected to ask for an extension of the Tuesday deadline to table a firm bid for the owner of Argos following the emergence of a 1.4 billion pound rival offer from South African retail group Steinhoff International Holdings . The request for more time from the Takeover Panel would come from Sainsbury's with the agreement of Argos's parent, Home Retail Group Plc, and would likely propose 18 March, the same date for Steinhoff to make a firm bid. (http://bit.ly/1UgGY5e)
Volvo recalls 59,000 cars over software glitch
Volvo is recalling 59,000 cars over faulty software that can briefly shut down the engine, including more than 7,000 in the UK. The recall affects five-cylinder diesel models S60, V60, XC60, V70 and XC70 built from mid-2015. Owners of the Swedish cars are being sent letters directly, asking them to take their vehicles to their local dealership for a 30-minute no-fee fix. The cars are being recalled across 40 markets, but those affected have been sold mainly in Sweden, Britain and Germany. (http://bit.ly/1ouxYNf)
The Telegraph
Boris Johnson backs Brexit as he hails 'once-in-a-lifetime opportunity' to vote to leave EU
Boris Johnson says Britain has a "once in a lifetime opportunity" to vote to leave the European Union as a way of securing an entirely new relationship with Brussels based around the single market. Johnson calls for Britain to be "brave" and says that "there is only one way to get the change we need - and that is to vote to go". He says that "EU history shows that they only really listen to a population when it says No". (http://bit.ly/1LA0W3A)
RBS and Lloyds forecast to cut hundreds of branches