PRESS DIGEST-Financial Times - July 16

Alphabet Inc. Class A

Alphabet Inc. Class A

GOOGL

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- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Brussels prepares fresh Google fines as Big Tech enforcement increases

- BrewDog co-founder James Watt makes new bid to buy back beer company

- Shabana Mahmood set to be named UK chancellor by Andy Burnham

- Thames Water warns over long-term future

Overview

- The European Commission is set to unveil a series of decisions against Google GOOGL.O over the coming week, escalating enforcement against Big Tech just as tensions with Washington over the EU's digital rule book have begun to ease.

- BrewDog co-founder James Watt has said he has launched a new bid to buy back the beer company and restore the ownership stakes of "equity punks" whose investments in the business were wiped out this year.

- Former Manchester mayor Andy Burnham is set to name interior minister Shabana Mahmood as his finance minister when he becomes prime minister next week.

- Thames Water said it could survive for another 12 months but warned of "material uncertainty" over its long-term future as it seeks to avoid renationalisation