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Press Digest: Financial Times - April 22

April 22 (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 energy regulator to gain powers to block bonuses

Deutsche Telekom examines merger with T-Mobile US

Lufthansa cuts 20,000 flights to save fuel as prices soar

Shell faces fresh climate court test case

Revolut aims for $200 billion valuation in stock market listing

Overview

Britain will overhaul energy regulator Ofgem, granting it new powers to enforce consumer law and ban executive bonuses.

Deutsche Telekom DTEGn.DE is considering the idea of establishing a new holding company which would make an all-stock bid for shares of both its existing operations and those of T-Mobile US TMUS.O.

Lufthansa LHAG.DE has cancelled 20,000 flights between May and October to save fuel.

Friends of the Earth Netherlands, a Dutch climate activist group launched a new court case against Shell SHEL.L in the Netherlands, demanding that the British energy major immediately end its investments in new oil and gas projects.

British finance app Revolut told investors that it was aiming for a valuation of up to $200 billion in its stock market listing.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))

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