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PRESS DIGEST-British Business - July 1

ReutersJul 1, 2025 2:12 AM

- 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 is limiting the amount of steel that can be imported from foreign producers in an attempt to ease the collateral damage from U.S. President Donald Trump's tariffs on the global industry.

- The British government has called for an urgent investigation after State Oil Limited, the group behind one of the UK's five remaining large-scale oil refineries fell into administration, putting hundreds of jobs at risk.

The Guardian

- WH Smith SMWH.L has cut the sale price of its high street business by 12 million pounds($16.47 million), after trading at the chain deteriorated in recent weeks.

- Britain's decision to allow the export of F-35 fighter jet components to Israel, despite accepting they could be used in breach of international humanitarian law in Gaza, was lawful, London's high court has ruled.

The Telegraph

- Nissan 7201.T plans to cut hundreds of jobs at its Sunderland factory as the carmaker scrambles to boost profits amid slow demand for electric vehicles.

Sky News

- British police on Monday launched a criminal investigation into musical duo Bob Vylan and Irish rap band Kneecap's gigs at the Glastonbury music festival after they led chanting against the Israeli military and Prime Minister Keir Starmer.

($1 = 0.7284 pounds)

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