Top Stories in Finance: Tax Disputes, Market Expansions, and New Oil Drilling

The Financial Times highlights Lycamobile UK's major tax dispute loss, Greggs' new evening market strategy, Standard Chartered chief's praise for the UK Labour government, and BP's plans to drill in the Gulf of Mexico. These stories underline critical developments in business and energy sectors.

Lycamobile UK has reportedly lost a £51 million dispute with British tax authorities, a significant setback for the telecoms firm and former Conservative party donor.

Greggs is extending its store hours to cater to the dinner market, driven by strong sales of snacks like steak bakes and vegan sausage rolls.

Standard Chartered's chief executive, Bill Winters, has commended the new UK Labour government, indicating growing support from senior business figures.

BP will be drilling a new field in the Gulf of Mexico, aiming to extract 80,000 barrels of oil per day from the Kaskida field, discovered in 2006.