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PRESS DIGEST-Financial Times - June 12
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PRESS DIGEST-Financial Times - June 12
Jun 11, 2024 7:39 PM

June 12 (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

- US senator urges UK to investigate Shein's labour

practices ahead of IPO

- Rishi Sunak pledges 17 bln pounds in tax cuts to revive

Tory election bid

- Ex-NatWest boss Alison Rose joins UK buyout firm

Charterhouse

- Invesco shutters UK equities team as customer outflows hit

wider sector

Overview

- Marco Rubio, the top Republican on the U.S. Senate

intelligence committee, has urged the UK government to

investigate whether Shein, the Chinese fashion group planning to

list in London, has used forced labour in its operations.

- British Prime Minister Rishi Sunak has pledged more than

17 billion pounds ($21.65 billion) in tax cuts in a bid to

revive his stalled election campaign, but his Conservative

manifesto was attacked by some on the Tory right for being too

timid.

- British bank NatWest's former chief executive Alison Rose

has joined private equity firm Charterhouse in her first role

since leaving the UK high-street lender following the

"debanking" of Nigel Farage last year.

- American investment manager Invesco is shuttering its

standalone UK equities team, formerly led by stockpicker Neil

Woodford, and merging it with its European division amid an

industry-wide drop in interest for British stocks.

($1 = 0.7851 pounds)

(Compiled by Bengaluru newsroom)

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