PRESS DIGEST- Financial Times - June 17
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 secures extra winter gas from Norway via Centrica-Equinor deal https://on.ft.com/3zInSAz - West End landlords Shaftesbury and Capco agree £5bn merger https://on.ft.com/3zI5hVj
- Beleaguered Credit Suisse to pay almost 10% rate on bonds https://on.ft.com/3tFlxTw - Asos warns on profits as customers send back more purchases https://on.ft.com/3HsLWtj
Overview - Britain's Centrica has signed an agreement with Norway's Equinor for additional gas supplies, it said on Thursday, helping bolster supply for the winter months.
- Shaftesbury and Capital & Counties Properties , agreed to merge on Thursday to create a 5 billion pound ($6.18 billion) estate with sites in tourist hotspots including Covent Garden, Carnaby Street and Soho that are battling to recover from the pandemic. - Swiss lender Credit Suisse will pay 9.75% interest rates for its newest bonds as investors demand high compensation from scandal ridden bank.
- British online fashion retailer Asos warned on Thursday that it would miss profit forecasts after seeing a significant rise in product returns as inflationary pressure hit its customers. ($1 = 0.8097 pounds) (Compiled by Bengaluru newsroom)
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