PRESS DIGEST-Financial Times - July 2

Klarna Group Plc
Shutterstock, Inc.
Alphabet Inc. Class A
Getty Images Holdings, Inc. Class A

Klarna Group Plc

KLAR

0.00

Shutterstock, Inc.

SSTK

0.00

Alphabet Inc. Class A

GOOGL

0.00

Getty Images Holdings, Inc. Class A

GETY

0.00

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


Headlines

  • Google ordered to pay Klarna $2 billion antitrust damages

  • Getty scraps $3.7 billion Shutterstock merger after UK watchdog order

  • KNDS postpones IPO after investors balk at €12 billion-plus valuation

  • Lloyds scraps Halifax brand

  • TG Jones wins court approval to close up to 150 stores

Overview

  • Google GOOGL.O has been ordered to pay Klarna close to $2 billion damages for lost revenue at the fintech's price comparison site PriceRunner, after a Swedish court deemed the search engine privileged its own comparison service.

  • Getty Images GETY.N said it has called off its planned merger with Shutterstock SSTK.N due to the UK competition regulator's requirement to sell Shutterstock's editorial business as a condition for approval.

  • Franco-German defence group KNDS has put plans for a stock market listing on hold until market conditions improve, it said, shelving what would have been one of Europe's largest defence IPOs in recent years.

  • Lloyds Banking Group LLOY.L is scrapping the 173-year-old Halifax brand that has been a mainstay of British high streets.

  • TG Jones, WHSmith's former high street business, will close more than a quarter of its stores after a court in London approved a restructuring plan designed to keep the 234-year-old chain from falling into administration.