Press Digest: British Business - May 22
22/05/2026 03:35
May 22 (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 - UK investment firms are gearing up to cash in on SpaceX’s blockbuster float after backing the company in its early years and seeing the value of their stakes rise to a total of about $5 billion. - Michael Thomson, the former head of investment company London Capital & Finance, has been jailed for six months after he breached a court order by selling items, including a hot tub and horse saddles. The Guardian - A French appeals court found Airbus AIR.PA and Air France AIRF.PA guilty of corporate manslaughter on Thursday over the Rio-Paris plane crash, but a 17-year legal battle over the country's worst aviation disaster is set to continue. - Telecom provider BT BT.L said the cost of smartphones could rise as technology companies buy up semiconductor chips because of the boom in artificial intelligence, putting pressure on supply chains. The Telegraph - Low-cost airline EasyJet is raising fares as the Iran conflict drives up costs and dents bookings. Sky News - Evermark, which was formed this year from the merger of Elida Beauty and Suave Brands Company, is working with bankers to sell a portfolio of non-core international products. - Energy startup intelliGEN Group is kicking off a $20 million fundraising to help it accelerate the deployment of its clean power technology amid a surge in demand from data centres. The Independent - Nearly 700 airport workers in Edinburgh and Glasgow have backed strike action during the peak summer holiday season, including during the World Cup and the Commonwealth Games in Glasgow. (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))