PRESS DIGEST-Financial Times - May 22
Estee Lauder Companies Inc. Class A EL | 0.00 |
May 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.
Headlines
- Estée Lauder and Puig end merger talks to create beauty powerhouse
- Transport for London voices concern over robotaxis as ministers invite bids
- WM Morrisons blames UK government policy for shutting 100 lossmaking stores
- Ending tax loophole for oil groups will fund cost of living package, says Reeves
Overview
- U.S. cosmetics maker Estée Lauder EL.N and Spanish perfumery Puig PUIGb.MC ended merger talks.
- London’s transport authority has raised concerns about congestion and job losses from the rollout of robotaxis in the UK capital, as ministers open applications for operators of the self-driving vehicles for the first time.
- WM Morrison is to shut 100 lossmaking convenience stores in a move that puts hundreds of jobs at risk, as the supermarket blames UK government policy for adding significant cost increases.
- British finance minister Rachel Reeves said she would stop multinationals, including oil and gas firms, from reducing their tax liability by using corporate structures that involve foreign branches.
