financetom
Business
financetom
/
Business
/
PRESS DIGEST- Financial Times - July 1
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST- Financial Times - July 1
Jun 30, 2024 5:25 PM

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

- BlackRock ( BLK ) agrees to buy UK data group Preqin for £2.55 bln

- Zurich and Aon launch insurance scheme to boost hydrogen

development

- Boots chief to depart after sale process stalls

- Boeing ( BA ) agrees to buy Spirit AeroSystems ( SPR ) in $4.7bn deal

Overview

- BlackRock ( BLK ) has agreed to buy UK data firm Preqin

for 2.55 billion pounds($3.22 billion)in cash.

- Zurich Insurance and broker Aon have

created a new insurance scheme for hydrogen production to boost

the development of a sector viewed as vital for the transition

to clean energy.

- The chief executive of Boots Sebastian James is leaving

his role after six years, as attempts by owner Walgreens Boots

Alliance ( WBA ) to list or sell the UK pharmacy chain have

stalled.

- Boeing ( BA ) agreed to buy Spirit AeroSystems ( SPR ) in

a deal valuing the airline supplier at $4.7 bln, after months of

negotiations, valuing the supplier at about $37.25 per share.

($1 = 0.7908 pounds)

(Compiled by Bengaluru newsroom)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Factbox-US regulators single out four banks for flawed 'living wills'
Factbox-US regulators single out four banks for flawed 'living wills'
Jun 21, 2024
(Reuters) - U.S. bank regulators said four major banks had shortcomings in their living wills - or plans that outline how they could be safely wound down if they went bankrupt or came under pressure. The four lenders - Citigroup ( C/PN ), Bank of America ( BAC ), Goldman Sachs ( GS ) and JPMorgan Chase ( JPM )...
Lockheed Martin units pay $70 mln to resolve allegations of overcharging, DOJ says
Lockheed Martin units pay $70 mln to resolve allegations of overcharging, DOJ says
Jun 21, 2024
WASHINGTON, June 21 (Reuters) - Sikorksy Support Services and Derco Aerospace, both units of Lockheed Martin Corp ( LMT ), have agreed to pay $70 million to resolve allegations they overcharged the U.S. Navy for aircraft spare parts and repair materials, the Justice Department said on Friday. ...
Market Chatter: Mitsubishi UFJ Unit, Ventures Faces Penalties by Japanese Regulator for Violating Client Confidentiality
Market Chatter: Mitsubishi UFJ Unit, Ventures Faces Penalties by Japanese Regulator for Violating Client Confidentiality
Jun 21, 2024
03:02 PM EDT, 06/21/2024 (MT Newswires) -- Mitsubishi UFJ Financial Group's ( MUFG ) MUFG Bank unit and two ventures face penalties as soon as Monday by Japan's Financial Services Agency for violating client confidentiality rules, Bloomberg reported Friday, citing people with knowledge of the matter. The Japanese regulator is expected to issue business improvement orders on MUFG Bank, Morgan...
U.S. jet fuel output rises to pre-COVID levels as demand soars
U.S. jet fuel output rises to pre-COVID levels as demand soars
Jun 21, 2024
NEW YORK (Reuters) - U.S. refiners pumped out jet fuel last week at the fastest pace since the pandemic, government data showed, as they look to keep up with forecasts of record air travel this summer. U.S. refiners' net production of jet fuel hit about 1.9 million barrels per day (bpd) last week, 8% higher than the same time last...
Copyright 2023-2026 - www.financetom.com All Rights Reserved