PRESS DIGEST- Financial Times - July 10

Reuters
07-10
PRESS DIGEST- Financial Times - July 10

July 10 (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

- Thames Water refuses to claw back bonuses despite government threats

- UK set to hold minority stake in Sizewell C nuclear project

- Revolut in talks to raise new funding at $65 billion valuation

- Trump set to visit Scotland this summer

Overview

- Britain's Thames Water awarded bonuses worth 2.5 million pounds ($3.40 million) to its senior staff despite efforts by the country's government to block the payments, according to documents shared by the UK Parliament's environment committee.

- The UK government is set to hold a minority stake of about 47.5% in the Sizewell C nuclear power project with Canadian investor Brookfield Asset Management BAM.TO, British energy supplier Centrica and French energy giant EDF holding the remainder.

- London-based financial technology giant Revolut is in talks to secure new funding at a valuation of $65 billion.

- U.S. President Donald Trump is expected to visit Scotland in the coming weeks, marking his first visit to Britain since the U.S. election last year.

($1 = 0.7350 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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