July 1 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Kuwait plans $5bln investment for the UK
Apple paid no UK corporation tax in 2012
Davey insists that UK's 'lights are going to stay on'
Barclays' threat on lending under fire
Onyx rejects $10 bln takeover proposal
Sovereign wealth fund Kuwait Investment Authority is looking
to invest as much as $5 billion in infrastructure mainly in the
United Kingdom over the next three to five years.
Apple Inc did not pay any corporation tax in the
United Kingdom last year, according to its latest filings.
Energy secretary Ed Davey has dismissed talk of Britain
potentially facing blackouts, saying the government had a well
thought-through plan to keep the lights on.
Barclays has come under criticism from a former
member of the Financial Policy Committee after Chief Executive
Anthony Jenkins warned the bank may have to cut lending to meet
stricter capital requirements imposed by regulators.
Onyx Pharmaceuticals has rejected a $10 billion bid
from rival Amgen but has given the nod to its bankers
to solicit other offers.