February 7, 2018 / 1:13 AM / 2 months ago

PRESS DIGEST- Financial Times - Feb 7

Feb 7 (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

BP's profits quadruple on higher oil prices and new projects on.ft.com/2BKzxSr

Tesco trial abandoned after defendant has heart attack on.ft.com/2BJdDyK

Tronc set to sell Los Angeles Times to billionaire investor on.ft.com/2BINu38

Overview

BP Plc’s fourth-quarter earnings more than quadrupled from the year before as the UK oil and gas group benefited from higher crude prices and a surge in production from new projects.

A multimillion pound criminal trial of three former Tesco Plc executives accused of fraud and false accounting in a 250 million pound ($349.05 million) scandal at the retailer has been abandoned after one of the defendants had a heart attack.

Tronc Inc is expected to sell the Los Angeles Times to Patrick Soon-Shiong, the pharmaceuticals billionaire who invested in the U.S. publisher in 2016, capping a tumultuous period for its flagship newspaper. ($1 = 0.7162 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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