PRESS DIGEST-Financial Times - June 12

Reuters
06-12
PRESS DIGEST-Financial Times - June 12

June 12 (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

- VodafoneThree plans to double UK broadband business after 16.5 billion pound ($22.41 billion) merger

- GB Energy handed 2.5 billion pound bill for funding small modular reactors

- World's biggest aircraft owner AerCap set for $1 billion payout in Russian planes case

- Pentagon launches review of Aukus nuclear submarine deal

Overview

- VodafoneThree is targeting to more than double its broadband business by 2034, as the newly formed leader in the UK mobile market commits to generate thousands of jobs and upgrade its network.

- State-owned Great British Energy, has been handed the 2.5 billion pound bill to support a new generation of small nuclear power plants, cutting the amount it has to spend on wind, solar and other technologies.

- The world's largest aircraft lessor AerCap AER.N can recover over $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London's High Court ruled, though that is less than the roughly $2 billion it sought.

- U.S. President Donald Trump's administration has launched a formal review of the 2021 AUKUS defense pact with Australia and Britain to allow Australia to acquire nuclear-powered submarines.

($1 = 0.7364 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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