PRESS DIGEST- Financial Times - May 8

May 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines - Ofcom adds pressure on tech industry to protect children online - UK probes 'potential failings' at military contractor over suspected China hack - Ford ready to restrict UK sales of petrol models to hit EV targets - FCA bans Lars Windhorst's long-time broker James Lewis

Overview - UK media regulator Ofcom outlined more than 40 measures, such as age verification and better moderation, that online services must implement to protect underage users from harmful content online as stringent new legislation comes into effect.

- The UK government said that it was investigating "potential failings" at SSCL, the private IT contractor that was breached in a suspected cyber attack by China targeting the records of UK military personnel.

- Ford is prepared to restrict the sale of petrol models in the UK in order to hit the country's stretching EV targets, a move that is likely to push up prices for consumers, its European boss Martin Sander has warned.

- The UK financial regulator has banned and fined James Lewis, the former chief executive of brokerage Shard Capital, for providing incorrect information about clients' cash balances.

(Compiled by Bengaluru newsroom)