PRESS DIGEST-British Business - May 28

Space Exploration Technologies
BP PLC Sponsored ADR

Space Exploration Technologies

SPCX

0.00

BP PLC Sponsored ADR

BP

0.00

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 technology backer Scottish Mortgage Investment Trust will retain a “very large holding” in Space X SPCX.O after its $1.75 trillion float.

The Guardian

Flying Tiger is the latest retailer to be snapped up by Modella Capital, the British investment firm which already owns the former high street arm of WH Smith, now called TG Jones.

Employees at Samsung Electronics' 005930.KS memory chip division are to receive bonuses averaging about 310,000 pounds ($414,439.00) each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits.

The Telegraph

France has opened the door to British-made cars receiving subsidies from the EU in a reversal of its previous opposition.

The former chairman of BP BP.L, Albert Manifold, is considering legal action after he was ousted by the oil giant over claims of bullying and "unacceptable conduct."

Sky News

Albert Manifold has retained lawyers at Mishcon de Reya to act for him amid signs that his departure could descend into a public legal battle.

Trafalgar Entertainment, which is run by Howard Panter and Rosemary Squire, is closing in on an acquisition of The Bridge Theatre.

The Independent

Digital bank Monzo is muscling into the mobile market by launching a phone plan that gets cheaper the longer a customer stays.

($1 = 0.7480 pounds)