PRESS DIGEST-Financial Times - May 8

Reuters
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PRESS DIGEST-Financial Times - May 8

May 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Iberdrola secures 600 million pounds loan from UK state fund to upgrade power grid

- Orsted halts work on vast UK wind farm citing rising costs

- Pandora to shift supply chains to mitigate tariffs, says CEO

- EU eyes tariffs on Boeing jets in retaliation plan

- 'Woodoku' maker Tripledot buys AppLovin's mobile gaming business for $800 million

Overview

- Britain's National Wealth Fund will lend 600 million pounds ($800.76 million)to Iberdrola IBE.MCowned Scottish Power to help fund upgrades to the country's power grid.

- Orsted ORSTED.CO will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow to UK ambitions to decarbonise its energy supplies.

- Pandora PNDORA.CO has said it will start shifting parts of its supply chain, as the affordable jewellery maker moves to reassure investors worried that it could be one of the biggest losers from US President Donald Trump's trade war.

- Brussels plans to impose tariffs on Boeing BA.N aircraft as part of proposals for further retaliation if trade talks with Washington fail.

- London-based games developer Tripledot Studios is acquiring AppLovin's APP.O games business for $800 million, in a deal that will vault the creator of Woodoku and Solitaire.com into the ranking of the world's largest independent mobile games companies.

($1 = 0.7493 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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