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)