Financial Times - July 3
July 3 (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
- Hipgnosis founder Merck Mercuriadis to step down after Blackstone deal
- UK port owners warn infrastructure improvement delays threaten renewables shift
- Moderna secures partial victory in Covid vaccine legal fight
- Water companies face legal challenges after landmark UK pollution ruling
Overview
- Hipgnosis Song Management said its founder Merck Mercuriadis would step down as its chairman once the proposed acquisition of music investor Hipgnosis Songs Fund SONG.L by a firm owned by Blackstone-managed funds gets completed.
- The UK's transition to renewable energy risks being held back by the lack of progress in infrastructure improvements due to the marine environment regulator's "unreasonable delays" in approvals, port leaders have warned.
- Moderna MRNA.O has secured a partial victory in its intellectual property battle with Pfizer PFE.N and BioNTech 22UAy.DE over the development of Covid-19 vaccines, after a London court found one of the US company's patents had been infringed.
- Water companies could face a series of legal challenges after a landmark judgment from the Supreme Court ruled that private landowners and individuals can seek redress for sewage released into UK waterways.
(Compiled by Bengaluru newsroom)
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