PRESS DIGEST-British Business - May 1

Reuters
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PRESS DIGEST-British Business - May 1

May 1 (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

- Britain's Co-op Group 42TE.L has become the second British retailer to fall victim to a cyber attack, after Marks & Spencer said its disruption could stretch into next week.

- Britain is "confident" about the security of military personnel working alongside their American counterparts, the defence secretary has said despite the Trump administration leaking battle plans

The Guardian

- Meta META.O is the slowest social media company to take down content posted by finfluencers and fraudsters running financial scams, taking up to six weeks to respond to requests from the City watchdog.

- The UK is in discussion with France and Saudi Arabia over the recognition of a Palestinian state at a June conference convened by the two countries on keeping alive the political path to a two-state solution in the Middle East, the UK foreign secretary said.

The Telegraph

- British Finance Minister Rachel Reeves is being investigated by Parliament's standards watchdog over her declaration of free theatre tickets.

- PwC has been accused of launching an "utterly pointless" rebrand after laying off hundreds of staff.

Sky News

- The chief executive of Barclays has launched a staunch defence of Britain's bank ring-fencing regime even as his main rivals lobby the government to abolish it less than a decade after its introduction.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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