PRESS DIGEST-British Business - October 8
Oct 7 (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
Lenders have been told by the Financial Conduct Authority to brace for an 11 billion pound ($14.73 billion) hit from the car loan misspelling scandal.
The search for a buyer for Lynn Forester de Rothschild's significant minority stake in The Economist Group has kicked off, which could fetch about 400 million pounds ($535.56 million).
The Guardian
Video game chat platform Discord said it suffered a data breach, informing users that their personal information was compromised.
The Telegraph
The European Union is threatening Britain's steel industry with tariffs of up to 50 per cent in a dispute that could derail attempts to reset relations with Brussels.
The International Monetary Fund has warned that Western governments must raise pension ages to stop spending and debt from spiralling out of control.
Sky News
Keir Starmer has said the government will not relax visa rules for India, as he embarks upon a two-day trade trip to Mumbai.
The Independent
Marks & Spencer MKS.L is set to close 11 cafes across its smaller food shops as part of an ongoing shake-up of its retail estate.
Metro Bank MTRO.L suffered major problems with its payment services, leaving some customers unable to send or receive money on its app.
($1 = 0.7469 pounds)
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