Financial Times - July 18
July 18 (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 government sets out 40 bills in King's Speech for 'decade of national renewal'
- Nationwide's planned 2.9-bln-pound Virgin Money takeover boosted by support at AGM
- Italy's competition watchdog probes Armani and Dior over alleged labour exploitation
- Amazon beats back union bid for UK recognition
- HSBC promotes Georges Elhedery to chief executive
Overview
- Britain's new Labour government set out 40 bills as part of its first package of proposed laws as Prime Minister Keir Starmer tries to deliver on his promise to rebuild the country.
- Nationwide's NBS.L members have showed an overwhelming support for the board at its annual general meeting, clearing a hurdle for the building society's planned 2.9 billion pound ($3.77 billion) takeover of Virgin Money VMUK.L.
- Italy's competition authority is investigating whether luxury brands Armani and Dior DIOR.PA had misled consumers, following inquiries by prosecutors into worker exploitation at suppliers of the two groups.
- A British union has narrowly failed to secure the right to formally represent workers at an Amazon AMZN.O warehouse, with staff rejecting the chance to become the first site outside the U.S. to force the e-commerce giant to negotiate labour terms.
- HSBC Holdings Plc HSBA.L has appointed Chief Financial Officer Georges Elhedery as its next CEO, the bank said, opting for continuity as it tries to kickstart growth.
($1 = 0.7692 pounds)
(Compiled by Bengaluru newsroom)
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