Financial Times - July 22
July 22 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
- Pfizer and Flynn fined 70 mln stg by UK regulator for epilepsy drug price rises Link
- EDF pushes UK government to alter Hinkley Point C penalty clauses Link
- Tata threatens to close Port Talbot steelworks without 1.5 bln stg of aid Link
- Marks and Spencer finance chief to depart retailer and join Primark owner ABF Link
- Pfizer PFE.N and Flynn Pharma were fined 70 million pounds ($83.90 million) on Thursday by Britain's antitrust watchdog for overcharging the National Health Services (NHS) for a life-saving epilepsy drug.
- France's EDF EDF.PA is pushing the UK government to alter a key subsidy contract to avoid missing out on billions of pounds in guaranteed revenue after the Covid-19 pandemic caused further delays to Hinkley Point C, the first new nuclear power station under construction in the UK in almost 30 years.
- India-based Tata Group TISC.NS , has threatened to shut down operations if the UK government does not agree in the next year to provide 1.5 billion pounds ($1.80 billion) of subsidies to help it reduce carbon emissions.
- Marks & Spencer MKS.L said finance and strategy chief Eoin Tonge would leave the British clothing and food retailer to take up a role at Associated British Foods (ABF) ABF.L , owner of budget fashion chain Primark.
($1 = 0.8343 pounds) (Compiled by Bengaluru newsroom)
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