Financial Times - July 29
July 29 (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
- UK Labour's tax pledge will test plan to cut North Sea emissions, warns Equinor boss
- Ocado chief plans to retain group's stake in M&S joint venture
- UK ports to demand compensation if post-Brexit trade barriers with EU are lowered
- Kemi Badenoch enters Tory race with vow to renew party by 2030
Overview
- Equinor EQNR.OL Chief Executive Anders Opedal said that the company's plan to electrify extraction operations at the Rosebank oil and gasfield in the North Sea will be more "challenging" under UK Labour's tax proposals.
- Ocado OCDO.L Chief Executive Tim Steiner intends to retain the group's stake in its online joint venture with Marks and Spencer MKS.L after the deal's five-year anniversary, which would allow either side to sell their shares to the other.
- UK ports have demanded compensation from the Labour government if it strikes a deal to lower trade barriers with the EU, after they were forced to spend millions of pounds on building post-Brexit border control facilities.
- Former British business minister Kemi Badenoch has entered the race to succeed outgoing Rishi Sunak as Conservative leader, making her the sixth and probably final contender before nominations close on Monday.
(Compiled by Bengaluru newsroom)
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