Press Digest: Financial Times - July 29

Carillion

29/07/2022 24:54

July 29 (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
    
    - Strike action threatens to shut down UK's biggest
container port https://on.ft.com/3BpDSIz
    
    - UK banks handed 352 Mln stg by government to cover COVID
loan losses https://on.ft.com/3Bpt5OE
    
    - Anglo American warns on investment threat to energy
transition https://on.ft.com/3S94ALG
    
    - UK financial watchdog fines three former Carillion
executives https://on.ft.com/3JdcnDY
    
    Overview
    
    - Strike action threatens to shut the UK's largest container
port Felixstowe next month, bringing further disruption to the
country's transport network as talks in the ongoing rail dispute
remained deadlocked.
    
    - UK banks have made initial claims worth 352 million pounds
 ($428.35 million) from the government to cover losses on one of
its flagship state-backed COVID-19 loan schemes, after recording
default rates as high as 25%.
    
    - Anglo American  AAL.L  CEO Duncan Wanblad said higher
borrowing costs and political instability driven by inflation
threatened to delay the billions of dollars of investment in
mining projects required for the global transition to net zero.
    
    - UK Financial Conduct Authority has fined three former
Carillion  CLLN.L  executives for "recklessly" publishing
misleading statements about the outsourcing group's finances
before it collapsed in 2018.

($1 = 0.8218 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))