Financial Times - July 23
July 23 (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
- Woodside buys Tellurian to position itself as 'global LNG powerhouse'
- Entain names industry veteran as new chief executive
- LVMH-backed fund buys 1.5-bln-pound stake in Bicester Village owner
- Barclays calls on High Court to block passive funds from investor lawsuit
- UK government rules out financial support for Harland & Wolff
Overview
- Energy producer Woodside Energy WDS.AX has agreed to buy U.S. liquefied natural gas developer Tellurian TELL.A, including its U.S. Gulf Coast Driftwood LNG export project, for $1.2 billion including debt.
- Ladbrokes owner Entain ENT.L named Gavin Isaacs, former CEO of betting group Scientific Games, as its new boss, aiming to bring stability to the British gambling company at a time when regulatory challenges are hurting its profit.
- LVMH-backed private equity firm L Catterton has bought a stake in Bicester Village owner Value Retail from Hammerson, handing the UK shopping centre landlord cash proceeds of 600 million pounds ($775.62 million).
- Barclays BARC.L asked London's High Court to more than halve a shareholders' lawsuit worth up to 560 million pounds accusing the British bank of misleading the market about its private "dark pool" trading platforms.
- The UK business secretary Jonathan Reynolds revealed the government will not provide any emergency liquidity funding to struggling Belfast shipbuilder Harland & Wolff HARL.L, leaving it racing to find a private sector financial rescue.
($1 = 0.7736 pounds)
(Compiled by Bengaluru newsroom)
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