PRESS DIGEST-Financial Times - June 7

- The owner of the Telegraph Media Group has been threatened with receivership by lender Lloyds Banking Group over a longstanding debt owed by the parent company controlled by the Barclay family. - One of Britain's largest electricity generators SSE has been fined almost 10 million pounds ($12.43 million) after overcharging National Grid to cut output when it was required to help balance the network.

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

- Saudi Arabia to spend billions on shock merger of PGA Tour and LIV Golf - CBI wins vote of confidence after claims of misconduct

- Lloyds threatens to push Telegraph owner into receivership - SSE fined almost 10 mln stg for overcharging National Grid

Overview - Saudi Arabia is set to pump billions of dollars into the world's biggest professional golf organisation to seal a stunning merger between its breakaway LIV Golf and the US-based PGA Tour.

- The Confederation of British Industry, one of the country's main lobby groups, on Tuesday won a crunch vote of confidence following allegations of wrongdoing, but it failed to secure a firm pledge from ministers to immediately re-engage with the organisation. - The owner of the Telegraph Media Group has been threatened with receivership by lender Lloyds Banking Group over a longstanding debt owed by the parent company controlled by the Barclay family.

- One of Britain's largest electricity generators SSE has been fined almost 10 million pounds ($12.43 million) after overcharging National Grid to cut output when it was required to help balance the network. ($1 = 0.8045 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)