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HomeEnglish NewsPRESS DIGEST-Financial Times - July 26

PRESS DIGEST-Financial Times – July 26


The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

– Serica Energy rejects Kistos revised offer https://on.ft.com/3PU1x8d – Lastminute suspended top executives for possible misuse of COVID support funds https://on.ft.com/3J62wQu

– UK government must support households struggling with high energy bills, say MPs https://on.ft.com/3RTNilw Overview

– Serica Energy has rejected a revised merger proposal from energy investment firm Kistos, saying it undervalues the British oil and gas group. – Lastminute.com, the online travel company, has begun the search for a new chief executive after its top executives Andrea Bertoli and Fabio Cannavale were remanded in custody by Swiss authorities as part of a probe into possible misuse of pandemic-related state aid funds.

– The UK government must immediately provide additional support to households struggling with soaring energy bills, an influential cross-party committee of MPs said on Tuesday adding that the 15 billion pounds ($18.09 billion) support package it unveiled in May had been “eclipsed by the scale of the crisis”. ($1 = 0.8293 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



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