PRESS DIGEST- Financial Times - July 6
- QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project. - Sainsbury's on Tuesday warned the financial pressure on British shoppers would "only intensify" this year after it reported a 4% drop in underlying quarterly sales, driven by falling demand for general goods in its supermarkets and Argos stores.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
- Royal Mail managers to strike over proposed job and pay cuts https://on.ft.com/3NM09D1 - Tesco squares up to Mars Petcare over price of Whiskas https://on.ft.com/3ABFm1Y
- Shell signs up to Qatar project as LNG demand booms https://on.ft.com/3IhWhZq - Sainsbury's sales fall as customers cut back spending https://on.ft.com/3R9Egk2
Overview - Managers at Britain's Royal Mail will hold two rounds of industrial action later this month in a dispute over job cuts and pay, the Unite trade union said on Tuesday.
- Mars Inc on Tuesday stopped supplying some petcare products to Britain's Tesco Plc, less than a week after U.S. packaged foods company Kraft Heinz pulled several brands from its shelves. - QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project.
- Sainsbury's on Tuesday warned the financial pressure on British shoppers would "only intensify" this year after it reported a 4% drop in underlying quarterly sales, driven by falling demand for general goods in its supermarkets and Argos stores. (Compiled by Bengaluru newsroom)
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