Press Digest: British Business - July 8

Marks and Spencer

08/07/2026 03:52

July 8 (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 Bank of England set out plans to relax rules on how much capital banks have to hold against shocks, aiming to align requirements for British banks more closely with international standards as regulators globally come under pressure to revisit requirements aimed at shoring up resilience.
     
The Guardian
John Lewis has put 200 jobs at risk as it plans to shut down desks operating gift wrapping and foreign exchange services.
The £5 million ($6.68 million) gift to Nigel Farage by a cryptocurrency billionaire was reported to the National Crime Agency by bankers who were concerned it may have been laundered money.
        
The Telegraph
A British banker is preparing to sue Ferrari RACE.MI, claiming that a flaw in his supercar’s brake system resulted in him killing a security guard in Hong Kong.
Nick Perry, a former assistant head of the British Army will command NATO operations in the Atlantic for the first time.
     
Sky News
Prince Harry, the estranged younger son of King Charles, and other high-profile British figures lost their privacy lawsuits against the Daily Mail's publisher, in a comprehensive defeat in the royal's last legal battle with the British press.
     
The Independent
Marks & Spencer MKS.L has said it is taking action across its food stores to cope with extreme heat of up to 45 degrees Celsius (113°F), after “struggling” in last month’s searing temperatures.
“Potentially lethal” baby pillows, sleeping bags and self-feeding items are being sold widely on the UK’s online marketplaces, a watchdog has warned. Which? researchers found the items on Alibaba, AliExpress, Amazon, eBay, Etsy, OnBuy, TikTok Shop and Wish.
($1 = 0.7490 pounds)

(Compiled by Bengaluru newsroom)
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