PRESS DIGEST-British Business - May 5

ReutersMay 5, 2026 2:33 AM

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May 4 (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

The Office for National Statistics has spent almost 70 million pounds ($94.65 million) on revamping its labour market data, figures obtained by The Times show.

The Guardian

Elon Musk settled the US Securities and Exchange Commission's civil lawsuit accusing him of waiting too long in 2022 to disclose his initial purchases of stock in Twitter.

Keir Starmer has said the benefit of joining the European Union's 78 billion pound($105.47 billion)loan scheme for Ukraine "outweighs the cost" as he argued Europe must move at pace to bolster its own defence.

The Telegraph

U.S. video game retailer GameStop GME.N has made an audacious $56 billion bid to buy eBayEBAY.O.

Sky News

Lord Davies, the former trade minister and one of Britain's most prolific corporate figures, is stepping down as chairman of Artfarm, which owns London's Groucho Club.

The Independent

Growth Kitchen has revealed plans to reach more than 100 million pounds ($135.22 million) in sales as it taps into surging demand in the under-pressure sector.

($1 = 0.7395 pounds)

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