PRESS DIGEST-Financial Times - June 3

UK MPs have called for Palantir to have a reduced role in sensitive public data systems, while Premier League clubs face potential legal action over crypto sponsorship deals.

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

- ‌Palantir should not have 'significant role' in UK public data systems, MPs say - Premier League clubs could face legal ‌action over sponsorship deals with crypto firms

- BP held ‌talks about selling £2bn of UK North Sea assets to Ithaca - South West Water fined record £1.9mn after parasite outbreak

Overview - Palantir should not ⁠have ​such a "significant role" ⁠across sensitive UK defence, health and policing data systems, MPs ⁠said.

- The Financial Conduct Authority has warned English Premier League ​football clubs they could face legal action over "questionable ⁠sponsorship deals" with crypto companies that are unauthorised to operate in ⁠Britain. - ​BP held advanced talks about selling its UK North Sea assets to Ithaca Energy in ⁠a near-£2 billion deal.

- Pennon Group-owned South West Water ⁠has received ⁠a record £1.85 million fine after admitting that it had supplied water unfit for ‌human ‌consumption in south Devon. (Compiled by ​Bengaluru newsroom)