PRESS DIGEST-Financial Times - June 2

BP PLC Sponsored ADR

BP PLC Sponsored ADR

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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

- BP backs Amanda Blanc to lead second chair search despite City unease

- Royal Mail faces UK regulatory probe over ‘unacceptable’ service levels

- Britain re-entering the EU ‘an inevitability’, says Treasury minister

- Italy labour abuse crackdown spreads to US group building Milan consulate

Overview

- BP BP.L has backed Dame Amanda Blanc to lead a search for a new chair for the second time in a year.

- UK regulators have launched an investigation into "unacceptable" delivery levels at Royal Mail.

- UK Treasury Minister Spencer Livermore has claimed Britain's return to the EU is "an inevitability" in a new sign that senior Labour figures are starting to consider a full reversal of Brexit.

- Italian authorities have detained a local executive of U.S. group Caddell Construction, as prosecutors intensify a crackdown on companies accused of labour abuse.


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