PRESS DIGEST-Financial Times - July 22

- India-based Tata Group, has threatened to shut down operations if the UK government does not agree in the next year to provide 1.5 billion pounds ($1.80 billion) of subsidies to help it reduce carbon emissions. - Marks & Spencer said finance and strategy chief Eoin Tonge would leave the British clothing and food retailer to take up a role at Associated British Foods (ABF), owner of budget fashion chain Primark.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Pfizer and Flynn fined 70 mln stg by UK regulator for epilepsy drug price rises https://on.ft.com/3IUOFwh - EDF pushes UK government to alter Hinkley Point C penalty clauses https://on.ft.com/3Pnsn8O

- Tata threatens to close Port Talbot steelworks without 1.5 bln stg of aid https://on.ft.com/3PQpr4x - Marks and Spencer finance chief to depart retailer and join Primark owner ABF https://on.ft.com/3Q3qL4f

Overview - Pfizer and Flynn Pharma were fined 70 million pounds ($83.90 million) on Thursday by Britain's antitrust watchdog for overcharging the National Health Services (NHS) for a life-saving epilepsy drug.

- France's EDF is pushing the UK government to alter a key subsidy contract to avoid missing out on billions of pounds in guaranteed revenue after the Covid-19 pandemic caused further delays to Hinkley Point C, the first new nuclear power station under construction in the UK in almost 30 years. - India-based Tata Group, has threatened to shut down operations if the UK government does not agree in the next year to provide 1.5 billion pounds ($1.80 billion) of subsidies to help it reduce carbon emissions.

- Marks & Spencer said finance and strategy chief Eoin Tonge would leave the British clothing and food retailer to take up a role at Associated British Foods (ABF), owner of budget fashion chain Primark. ($1 = 0.8343 pounds) (Compiled by Bengaluru newsroom)