PRESS DIGEST-British Business – May 25

May 25 (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

– Boris Johnson faces a backlash from cabinet ministers and senior MPs after insisting that Dominic Cummings acted “responsibly, legally and with integrity” amid claims that he broke coronavirus lockdown rules.

– Pizza Express is considering the permanent closure of some of its restaurants as it battles to secure its long-term future.

The Guardian

– Richard Branson’s Virgin Orbit postponed its first space launch on Sunday, due to a technical problem.

– Aston Martin is sacking its chief executive, Andy Palmer, following a 98% collapse in the luxury car company’s share price since it floated on the stock market less than two years ago.

The Telegraph

– Jaguar Land Rover is reportedly seeking state support as car sales have collapsed under the lockdown.

Sky News

– Lenders to Virgin Atlantic Airways have drafted in City advisers as they brace for the impact of a restructuring of Sir Richard Branson’s flagship company.

The Independent

– UK government is examining what impact tough new US sanctions on Huawei Technologies will have on the Chinese multinational’s involvement in the UK’s 5G network.

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