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PRESS DIGEST-Financial Times - July 23
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PRESS DIGEST-Financial Times - July 23
Jul 22, 2024 7:39 PM

July 23 (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

- Woodside buys Tellurian to position itself as 'global LNG

powerhouse'

- Entain ( GMVHF ) names industry veteran as new chief executive

- LVMH-backed fund buys 1.5-bln-pound stake in Bicester

Village owner

- Barclays ( JJCTF ) calls on High Court to block passive funds from

investor lawsuit

- UK government rules out financial support for Harland &

Wolff

Overview

- Energy producer Woodside Energy ( WDS ) has agreed to buy

U.S. liquefied natural gas developer Tellurian,

including its U.S. Gulf Coast Driftwood LNG export project, for

$1.2 billion including debt.

- Ladbrokes owner Entain ( GMVHF ) named Gavin Isaacs, former

CEO of betting group Scientific Games, as its new boss, aiming

to bring stability to the British gambling company at a time

when regulatory challenges are hurting its profit.

- LVMH-backed private equity firm L Catterton has bought a

stake in Bicester Village owner Value Retail from Hammerson,

handing the UK shopping centre landlord cash proceeds of 600

million pounds ($775.62 million).

- Barclays ( JJCTF ) asked London's High Court to more than

halve a shareholders' lawsuit worth up to 560 million pounds

accusing the British bank of misleading the market about its

private "dark pool" trading platforms.

- The UK business secretary Jonathan Reynolds revealed the

government will not provide any emergency liquidity funding to

struggling Belfast shipbuilder Harland & Wolff, leaving

it racing to find a private sector financial rescue.

($1 = 0.7736 pounds)

(Compiled by Bengaluru newsroom)

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