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PRESS DIGEST- Financial Times - Jan 30
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PRESS DIGEST- Financial Times - Jan 30
Jan 29, 2025 9:05 PM

Jan 30 (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

-Harland & Wolff's new owner pledges $124.50 mln to revive

British shipbuilder

-British car parts group Dowlais ( DWLAF ) agrees $1.49 bln U.S.

takeover

-Lloyds Bank to shut another 136 branches across Britain

Overview

-Harland & Wolff's new Spanish owner, Navantia, will invest

100 million pounds ($124.50 million) to reactivate the British

shipbuilder and deliver a key Royal Navy contract while pushing

for new orders that will "determine the future of the company".

-Dowlais ( DWLAF ), the former automotive division of GKN, has

agreed to be acquired by American Axle & Manufacturing ( AXL )

in a cash-and-shares deal valuing it at about 1.16 billion

pounds ($1.44 billion) as the two groups seek scale to survive

the transition to electric vehicles.

-Lloyds Banking Group ( LYG ) will close 136 branches

across Britain as it seeks to adapt to customers' shift to

digital banking, the high-street lender announced on Wednesday.

($1 = 0.8032 pounds)

(Compiled by Bengaluru newsroom)

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