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PRESS DIGEST- Financial Times - April 24
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PRESS DIGEST- Financial Times - April 24
Apr 23, 2024 7:36 PM

April 24 (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

- Ithaca Energy agrees 750 million stg deal for most of

Eni's UK oil and gasfields

- Pendragon owner to cut hundreds of jobs in used car

overhaul

- Two UK water companies lack complete maps of sewage

networks

- JD Sports to deepen US reach with $1 billion bid for

Hibbett ( HIBB )

Overview

- Ithaca Energy has agreed on a deal to acquire

almost all of Eni's UK oil and gas fields in a

transaction worth about £750mn that will turn the London-listed

company into one of the North Sea's largest producers.

- US group Lithia, which recently acquired Stratstone

and Evans Halshaw dealerships from Pendragon, is preparing to

cut hundreds of jobs due to a plunge in the supply of used cars

post-pandemic.

- Thames Water and Southern Water, two of Britain's biggest

water companies have failed to map large parts of their sewage

networks, underscoring the challenge facing privatised utilities

as they try to fix their poor environmental record and reduce

spills.

- British sportswear chain JD Sports is accelerating

its push into the U.S. by snapping up New York-listed rival

Hibbett ( HIBB ) in a $1.1 billion deal, its biggest acquisition

to date.

(Compiled by Bengaluru newsroom)

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