PRESS DIGEST- Financial Times - Dec. 22
Dec 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
- UK's Harbour Energy agrees $11.2 bln deal for Wintershall Dea assets
- Vattenfall sells North Sea wind developments to RWE in 1 bln euros deal
- Jeremy Hunt raises prospect of Bank of England rate cuts in 2024
- UEFA and FIFA lose Super League football case
Overview
- Britain's Harbour Energy has agreed an $11.2 billion deal to buy Wintershall Dea's oil and gas assets from Germany's BASF and the investment firm LetterOne, backed by sanction-hit Russian oligarchs Mikhail Fridman and Petr Aven.
- Vattenfall is selling its flagship UK offshore wind developments to rival RWE in a deal worth almost 1 billion euros ($1.10 billion) that highlights the divergent views on the sector following a troubled year.
- British finance minister Jeremy Hunt has raised the prospect of the Bank of England reducing interest rates in 2024, saying a cut would be a crucial moment in shifting the economic mood in what is expected to be an election year.
- Football's governing bodies have lost a landmark court case that threatens their hold over the sport in Europe, potentially opening the door for new breakaway competitions across the industry.
($1 = 0.9086 euros) (Compiled by Bengaluru newsroom)