Press Digest: British Business - May 19
19/05/2026 04:07
May 19 (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 - Shareholder proxy adviser Institutional Shareholder Services has raised concerns about Shawbrook's SHAW.L decision to boost the salary paid to the lender's chief executive by 9.3 per cent this year to 1.12 million pound ($1.50 million). - Liquidators for Evergrande Group EGRNF.PK, the failed Chinese property giant, are seeking 57 billion yuan ($8.39 billion) in damages from PwC, accusing it of being negligent in its auditing work, a Hong Kong court was told on Monday. The Guardian - Bosses at Lloyds Banking Group LLOY.L are considering axing the Halifax as a standalone brand, as part of a sweeping review that could result in the lender disappearing from Britain’s high streets. - British finance minister Rachel Reeves is planning to cancel a rise in fuel duty this week when she unveils a package of measures to reduce the cost of living. The Telegraph - Britain on Monday set out changes to rules that require banks to ring-fence their retail arms that it said would create a "more agile and proportionate regime," though it stopped short of a major overhaul. - A U.S. jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world's richest person for having allegedly strayed from its original mission to benefit humanity. Sky News - Australia-based global financial services company Macquarie MQG.AX is lining up a big four accountancy firm to help unravel its exposure to Market Financial Solutions (MFS), the mortgage lender which collapsed earlier this year. - Nordic financial advisory firm Soderberg & Partners, which is backed by KKR KKR.N, is among the suitors pursuing a deal to buy the financial planning unit of asset management group Schroders SDR.L. The Independent - Britain has dispatched its business delegation to the United States to bolster transatlantic trade amid domestic political turbulence and economic damage from the Iran conflict. ($1 = 0.7455 pounds) ($1 = 6.7960 Chinese yuan renminbi) (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))