Financial Times - July 7



July 7 (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

- GSK investor support for spin-off vindicates rejection of Unilever bid, says chief Link

- BA to cut another 10,300 flights escalating airline disruption Link

- HSBC closes in on deal to sell Russian business to Expobank Link

- AO World plans £40mn capital raise after sharp share price fall Link

Overview

- GlaxoSmithKline's GSK.L chief executive, Emma Walmsley, on Wednesday said a shareholder vote in favour of co's consumer healthcare business spin-off had vindicated it's decision to turn down a takeover bid from Unilever ULVR.L .

- British Airways, owned by IAG ICAG.L , on Wednesday said it will cancel 10,300 more short-haul flights up to the end of October, pointing to disruptions at airports over the summer holidays.

- HSBC HSBA.L is in advanced talks to sell its Russian corporate lending business to Expobank, as many major banks exit the country.

- British online electricals retailer AO World AO.L said on Wednesday it intends to raise about 40 million pounds ($47.69 million) through a placing and a primarybid offer. ($1 = 0.8387 pounds) (Compiled by Bengaluru newsroom)

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