May 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

- UK to take full ownership of British Steel

- German energy group E.ON seals takeover of UK supplier Ovo

- Shein accuses rival Temu of 'industrial-scale' copyright

violations

- MFS owner accused of 'plundering' company to fund 'lavish

lifestyle'

Overview

- Britain could fully nationalise British Steel under new plans

announced on Monday by Prime Minister Keir Starmer, who said it

had not been possible to sell the Chinese-owned business the

government saved from closure last year.

- German utility group E.ON is poised to become one

of Britain's largest energy suppliers after it announced plans

on Monday to buy rival Ovo Energy for an undisclosed sum.

- Online fast-fashion platform Shein accused Temu of copyright

infringement "on an industrial scale", while Temu countered that

Shein is using litigation to stifle competition, as a trial

opened at London's High Court on Monday.

- Administrators overseeing the insolvency of Market Financial

Solutions have accused the collapsed lender's owner, Paresh

Raja, of misappropriating at least 1.3 billion pounds ($1.77

billion) to fund a "lavish lifestyle" that included purchasing a

"vast number" of luxury cars.

($1 = 0.7361 pounds)

(Compiled by Bengaluru newsroom)