Press Digest: Financial Times - July 18

Virgin Money UK

18/07/2024 03:40

July 18 (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 government sets out 40 bills in King's Speech for 'decade
of national renewal'
- Nationwide's planned 2.9-bln-pound Virgin Money takeover
boosted by support at AGM
- Italy's competition watchdog probes Armani and Dior over
alleged labour exploitation
- Amazon beats back union bid for UK recognition
- HSBC promotes Georges Elhedery to chief executive
        
    
    Overview
 - Britain's new Labour government set out 40 bills as part of
its first package of proposed laws as Prime Minister Keir
Starmer tries to deliver on his promise to rebuild the country.
- Nationwide's  NBS.L  members have showed an overwhelming
support for the board at its annual general meeting, clearing a
hurdle for the building society's planned 2.9 billion pound
($3.77 billion) takeover of Virgin Money  VMUK.L .
- Italy's competition authority is investigating whether luxury
brands Armani and Dior  DIOR.PA  had misled consumers, following
inquiries by prosecutors into worker exploitation at suppliers
of the two groups.
- A British union has narrowly failed to secure the right to
formally represent workers at an Amazon  AMZN.O  warehouse, with
staff rejecting the chance to become the first site outside the
U.S. to force the e-commerce giant to negotiate labour terms. 
- HSBC Holdings Plc  HSBA.L  has appointed Chief Financial
Officer Georges Elhedery as its next CEO, the bank said, opting
for continuity as it tries to kickstart growth.  
    
    ($1 = 0.7692 pounds)

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