Press Digest: Financial Times - May 9

MccollS Retail

09/05/2022 24:53

May 9 (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
    - ScottishPower calls for state action as it warns of £900
October bill rise https://on.ft.com/395csLW
    
    - Morrisons and EG make last-ditch bids for McColl's https://on.ft.com/3LXisVQ
    
    - Ministers reject claims of impending UK break-up after N
Ireland polls https://on.ft.com/3kNK046
    
    - U.S. hits Gazprombank executives with sanctions for first
time https://on.ft.com/3KWURmW
    
    Overview
    - UK's ScottishPower has warned customers of an increase of
more than 900 pounds ($1,110.06) in annual bills this year and
has urged the government to enter emergency talks to address the
"crisis" of soaring electricity and gas costs.
    
    - British supermarket major Morrisons has made a last-minute
rescue bid for convenience store chain McColl's Retail Group Plc
 MCLSM.L , which has lead to EG Group improving its offer to
acquire the chain out of administration.
    
    - Ministers in Britain have rejected claims that Irish
nationalist party Sinn Fein's victory in elections will lead to
the break-up of the UK, despite the party's calls for a
referendum on the union of Ireland within five years.
    
    - The U.S. has tightened sanctions on Russia by blacklisting
a number of financial executives, including those from
Gazprombank for the first time, and banned Americans from
providing accounting and consulting services to Russians. 
      
    
($1 = 0.8108 pounds)
    
    

 (Compiled by Bengaluru newsroom)
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