June 5 (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
- HSBC's Mark Tucker to become chair of insurer AIA
- UK bans bonuses at Thames Water and 5 other utilities
- UK makes new concessions to private equity on tax crackdown
- Reform UK chair Zia Yusuf resigns from party
Overview
- HSBC's HSBA.L high-profile Chairman Mark Tucker will exit the bank to take on a new role as chairman of AIA Group 1299.HK, the pan-Asian insurance firm where he once served as CEO.
- Thames Water and five other water companies have been banned from paying bonuses to their bosses for failing to tackle pollution, in Britain's latest effort to overhaul the industry's poor environmental record.
- Britain unveiled new concessions to private equity firms over its crackdown on a tax break enjoyed by industry executives on Thursday, following warnings the reform would damage British competitiveness.
- Zia Yusuf, the chairman of Britain's right-wing Reform UK party, resigned abruptly on Thursday following a row with its newest lawmaker, becoming the latest senior figure to exit the populist party.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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