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PRESS DIGEST- Financial Times - July 28

PRESS DIGEST- Financial Times - July 28

Reuters · 07/27/2022 19:28
PRESS DIGEST- Financial Times - July 28

- The following are the top stories in the Financial Times. Reuters has verified these stories and does vouch for their accuracy.


Headlines


- M&G says chief investment officer Daniels to retire https://on.ft.com/3vliqAO


- Britain's BAE to Cressida Hogg as chair https://on.ft.com/3cP4N6k


- UK car production driven down by global chip shortage https://on.ft.com/3BiNxkl


- McDonald's raises UK cheeseburger price for first time in 14 years https://on.ft.com/3S48y8n


Overview


- M&G's MGPUF chief investment officer Jack Daniels is leaving the company after more than two decades, amid a changing of the guard at the FTSE 100-listed savings and investment group.


- British defence contractor BAE Systems BAESY is poised to announce that Cressida Hogg is to become its first female chair.


- UK car plants will return to producing 1 million vehicles a year until at least 2025, two years later than expected, owing to a global shortage in key parts, a trade body warned on Wednesday.


- McDonald's MCD will increase the price of its cheeseburger by 20% in Britain, for the first time in more than a decade, as the fast-food chain becomes the latest company to pass on surging inflation to customers.



(Compiled by Bengaluru )

((globalnewsmonitoring@thomsonreuters.com))