PRESS DIGEST- Financial Times - Dec 9
Dec 9 (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
- Shell's energy supply arm sought £1.2bn of support from parent
- BT pension scheme warns it may need 'support' from company
- EU revamps VAT rules in bid to stamp out fraud
- Croatia gets EU approval to enter border-free Schengen zone
Overview
- Shell has injected nearly $1.5 billion into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.
- BT's 47 billion pounds pension scheme has warned it may need to call on the telecommunications group for more cash "support" as it tightens its use of leveraged investment strategies.
- The European Union has said member states could collect up to 18 billion euros more a year in value added tax under sweeping reforms designed to curb one of the most costly tax frauds in Europe
- Croatia got the green light on Thursday to join Europe's open travel zone, but Bulgaria and Romania were kept out because of opposition led by Austria over concerns about unauthorised immigration. (Compiled by Bengaluru newsroom)
