PRESS DIGEST-Financial Times - February 20
Feb 20 (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
Repsol aims to triple Venezuelan oil output after securing US permit
Nestlé plans ice cream exit as it slims down under new chief
Nvidia and OpenAI abandon unfinished $100bn deal in favour of $30bn investment
Centrica pauses buybacks as earnings slump
Overview
Spanish energy group Repsol REP.MC expects its Venezuelan oil production to treble over the next three years after securing permission from the US to operate in the country.
Nestlé NESN.S plans to slim its sprawling portfolio into four divisions and sell its remaining ice cream businesses as new boss Philipp Navratil looks to turn around the struggling Swiss multinational.
Nvidia NVDA.O is close to finalising a $30 billion investment into OpenAI that will replace the long-term $100 billion commitment agreed by the companies last year.
British Gas owner Centrica CNA.L paused its share buyback programme on Thursday after 2025 group core profit dropped nearly 39%.
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