PRESS DIGEST-Financial Times - July 1

July 1 (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

- UK government demands probe into insolvency of Lindsey oil refinery

- Nissan seeks payment delays for suppliers as it plans to cut 250 jobs at Sunderland

- WHSmith takes haircut on price tag for high street business

- Bupa fined $23 million in Australia after 'unconscionable conduct'

Overview

- The UK government has called for an investigation into the owners of the Lindsey oil refinery after the facility fell into insolvency, putting hundreds of jobs at risk.

- Nissan Motor 7201.T has sought to delay payments to suppliers and plans to cut 250 jobs at its Sunderland plant in Britain, as the Japanese automaker targets a 15% reduction in its global workforce.

- WH Smith SMWH.L will receive less-than-expected cash from the sale of its UK high street business to Hobbycraft owner Modella Capital, citing reduced cash flow due to softer trading and a cautious outlook.

- British health insurer Bupa has agreed to pay a A$35 million ($23.00 million) fine in Australia after it admitted to "unconscionable conduct" by denying legitimate claims made by patients over a five-year period.

($1 = 1.5216 Australian dollars)