Press Digest: British Business - May 29

Ferrari NV

29/05/2026 06:26

May 29 (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
     -Marks & Spencer MKS.L targets frozen food in battle for market share as the premium retailer is trying to persuade more customers to do their weekly shop at its stores.
 
- BDO and one of its most senior partners have been fined more than 2 million pound  ($2.69 million) for “numerous and pervasive” issues with its audits of NMCN, the largest listed construction company to go bust since Carillion CLLN.L. 
     
     
The Guardian
     - Ministers are in discussions about suspending a carbon tax on fertilisers, due to come into effect early next year, in an effort to curb food inflation.
 
- The boardroom turmoil at BP BP.L deepened after its ousted chair, Albert Manifold, claimed allegations about his conduct were “lies”. 

     
        
The Telegraph
     - Benedetto Vigna, the boss of Ferrari has defended its new 550,000 euros ($639,870.00) electric vehicle (EV) after its launch was met with widespread derision this week.
     
     
Sky News
     - London-based diamond jeweller Vashi, which collapsed suddenly three years ago, have reached a six-figure settlement with its former auditor. 
 
- A former backer of businesses such as the auctioneer Bonhams and TGI Fridays is plotting a 450 million pound swoop on the wholesale arm of TalkTalk Group.
     

Independent 
- Digital bank Monzo joins UK mobile market with phone plan offering discounts every year. 
     
- Speciality chemicals firm Johnson Matthey has struck a deal worth up to $460 million to buy a US catalyst maker in a bid to tap into surging global demand for data centres.

     
     
     


($1 = 0.7445 pounds)

($1 = 0.8595 euros)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))