Financial Times - July 31
July 31 (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
- Lycamobile UK loses £51 million value added tax case
- Greggs targets dinner market with more late openings
- Standard Chartered chief praises 'serious' UK Labour government
- BP to drill new Gulf of Mexico field as profits beat forecasts
Overview
- Lycamobile UK has largely lost a 51 million pounds ($65.49 million) dispute with the British tax authorities in the latest setback for the telecoms company and former Conservative party donor.
- Greggs GRG.L is planning to keep more of its stores open into the evening as people picking up snacks such as steak bakes and vegan sausage rolls after work have driven its sales for the first six months of the year.
- Standard Chartered STAN.L Chief Bill Winters has praised the "serious" new Labour government in an early sign that the party is winning over senior UK business figures in its first weeks in office.
- Energy major BP BP.L announced it will drill a new oilfield in the Gulf of Mexico to tap 80,000 barrels of oil a day from the Kaskida field, which it first discovered in 2006.
($1 = 0.7787 pounds)
(Compiled by Bengaluru newsroom)
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