Press Digest: Financial Times - July 2
PRESS DIGEST-Financial Times - July 2 July 2 (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
Google ordered to pay Klarna $2 billion antitrust damages
Getty scraps $3.7 billion Shutterstock merger after UK watchdog order
KNDS postpones IPO after investors balk at €12 billion-plus valuation
Lloyds scraps Halifax brand
TG Jones wins court approval to close up to 150 stores
Overview
Google GOOGL.O has been ordered to pay Klarna close to $2 billion damages for lost revenue at the fintech's price comparison site PriceRunner, after a Swedish court deemed the search engine privileged its own comparison service.
Getty Images GETY.N said it has called off its planned merger with Shutterstock SSTK.N due to the UK competition regulator's requirement to sell Shutterstock's editorial business as a condition for approval.
Franco-German defence group KNDS has put plans for a stock market listing on hold until market conditions improve, it said, shelving what would have been one of Europe's largest defence IPOs in recent years.
Lloyds Banking Group LLOY.L is scrapping the 173-year-old Halifax brand that has been a mainstay of British high streets.
TG Jones, WHSmith's former high street business, will close more than a quarter of its stores after a court in London approved a restructuring plan designed to keep the 234-year-old chain from falling into administration.
(Compiled by Bengaluru newsroom)