Press Digest: British Business - May 21

Stellantis NV

21/05/2026 03:03

May 21 (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

Elon Musk's SpaceX filed publicly for an initial public offering on Wednesday night, paving the way for the world’s largest stock market float in history.

Stellantis STLAM.MI and Britain's Jaguar Land Rover will consider jointly developing vehicles in the U.S., the French-Italian automaker said on Wednesday.

The Guardian

Britain said it had secured a trade deal with the Gulf Cooperation Council worth $5 billion a year in the long run, deepening economic ties with allies in a region dealing with the fallout from the Iran war.

Britain's finance minister Rachel Reeves is expected to unveil reforms giving parliament the authority to approve critical energy and infrastructure projects and better protect them from judicial reviews, the Treasury said.

The Telegraph

James Murdoch agreed to acquire New York Magazine and the Vox Media podcast network in a deal that will significantly expand his portfolio and stands to boost his influence over news and entertainment.

BBC's new director general, Matt Brittin, said the corporation would use data to analyse patterns in its news output and other programming as he seeks to restore trust in the broadcaster.

Sky News

WH Smith SMWH.L has rejected a plea from the new owners of its high street chain for millions of pounds to fund the cost of laying off staff as it battles for survival.

Shell SHEL.L senior executive Parminder Kohli is to assume the task of spearheading a government drive to turbocharge foreign direct investment into Britain.

The Independent

British finance minister Rachel Reeves will on Thursday set out measures to try to ease the cost of living, including free bus fares for children and possible reductions on some food tariffs.

 (Compiled by Bengaluru newsroom)

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