PRESS DIGEST- Financial Times - June 26
June 25 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
LONDON Feb 9 Standard Life Investments, the fund arm of insurer Standard Life, said on Thursday it had voted against the re-election of the board members who set pay at holiday firm Thomas Cook after it disagreed with their plans.
SLI, the second-biggest investor in Thomas Cook, with a near 13 percent stake, Reuters data showed, said the move followed disagreement with a plan to introduce a potential payment to executives above the normal upper limit set by the pay policy.
"In addition, we opposed the introduction of new elements to the remuneration plan as we strongly believe these should be dealt with in the existing policy," the statement added. (Reporting by Simon Jessop, editing by Maiya Keidan)
June 25 Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds ($2.3 billion), according to a source familiar with the matter.
WELLINGTON, June 26 New Zealand pay television provider Sky Network TV on Monday said it was terminating a sales agreement to buy Vodafone's local unit, a deal the country's competition regulator had ruled against.