PRESS DIGEST- Financial Times - Feb. 9

- PFZW, Europe's third-largest pension fund, has sold 2.8 billion euros ($3.02 billion) of its oil holdings including Shell, BP and TotalEnergies, citing inadequacy in their effort to produce credible plans for their clean energy transition. - Britain is on the path to lag behind its peers in returning inflation to target, Catherine Mann, an external member of the BoE's Monetary Policy Committee, and argued for a further increase in the cost of borrowing.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Insolvency Service fires 3 staff after probe into data sharing with private sector - Big European fund sells 2.8 bln euros in oil holdings because of slow moves on climate - UK to lag behind peers in lowering inflation, BoE rate-setter warns - Keir Starmer slashes 28 bln pound green spending pledge to 4.7 bln pounds in major U-turn

Overview - Insolvency Service, the agency responsible for administering bankruptcies and investigating companies liquidation affairs in the UK, has fired three staff over allegations they tipped off two private sector bankruptcy practitioners about potential work. - PFZW, Europe's third-largest pension fund, has sold 2.8 billion euros ($3.02 billion) of its oil holdings including Shell, BP and TotalEnergies, citing inadequacy in their effort to produce credible plans for their clean energy transition.

- Britain is on the path to lag behind its peers in returning inflation to target, Catherine Mann, an external member of the BoE's Monetary Policy Committee, and argued for a further increase in the cost of borrowing. - UK's opposition Labour Party would scrap a target to eventually spend 28 billion pounds ($35.33 billion) a year on green industries if it takes power, slashing its flagship green spending plan from to just 4.7 billion pounds a year.

($1 = 0.7926 pounds) ($1 = 0.9281 euros) (Compiled by Bengaluru newsroom)

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