Press Digest: British Business - February 26
26/02/2026 03:39
Feb 26 (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 British Business Bank and the UK's defence venture fund have backed a $100 million raise by Seraphim Space, the world's largest space-tech investor. The new vehicle is the firm's third fund since its launch a decade ago.
- The luxury carmaker Aston Martin AML.L will cut as many as 600 jobs or 20% of its workforce in Warwickshire and South Wales amid heavy losses.
The Guardian
- The John Lewis Partnership is pulling out of a 500-million-pound ($678.15 million) deal to build almost 1,000 residential rental homes for rent in Bromley, Reading and West Ealing amid a "cautious property market".
- British anti-Islam activist Tommy Robinson visited the U.S. State Department and met with at least one U.S. official, social media posts from Robinson and a department official showed.
The Telegraph
- HSBC HSBA.L has increased bonuses for its best performers by 11% to compete with Wall Street rivals, while warning that underperformers may get nothing.
- France is strengthening its grip on Britain's energy market as utility giant Engie ENGIE.PA unveiled a $14 billion deal to buy the entire power distribution network for London and the south-east of England.
The Independent
- British largest grocer Tesco TSCO.L has announced a significant restructuring of its head office operations, which will see 180 jobs eliminated while simultaneously creating 250 new positions.
($1 = 0.7373 pounds)
(Compiled by Bengaluru newsroom)
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