Press Digest: Financial Times - July 23
23/07/2025 03:11
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 - British forex group Argentex to enter administration after hit from dollar rout - FCA warns insurers over hidden 'double dip' charges on British customers - Britain set to raise tens of billions of pounds in debt to fund Sizewell C - 'Net zero' emissions standard paused as Shell quits Overview - Argentex AGFX.L, a British listed foreign exchange hedging specialist that suffered a liquidity crisis earlier this year, has appointed administrators, making it one of the highest-profile victims of the currency market volatility triggered by U.S. President Donald Trump's trade war. - British financial watchdog Financial Conduct Authority has warned insurers that it will scrutinise a controversial practice for vetting customers, following concerns that groups including Admiral and Aviva AV.L had charged higher premiums to poorer consumers. - British government is set to raise 36.55 billion pounds ($49.42 billion) in debt to fund the Sizewell C nuclear power station, as it tries to revive the nuclear sector despite limited appetite from investors. - British oil major Shell SHEL.L and other leading energy groups including Norway's Aker BP AKRBP.OL and Canada's Enbridge ENB.TO have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields. ($1 = 0.7396 pounds) (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))