July 26 (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
- Apollo strikes 2.7 bln pound deal for UK parcel group Evri
- Reeves set to disclose 20 bln pound shortfall in
government funding plans
- Coinbase fined 3.5 mln pounds by UK regulator over
'high-risk' customers
- THG orders staff back to the office as it announces fresh
job cuts
- Revolut secures UK banking licence after three-year battle
Overview
- Private equity investor Advent International agreed to
sell UK parcel delivery firm Evri to funds managed by affiliates
of Apollo, for roughly 2.7 billion pounds ($3.47 billion).
- British Finance Minister Rachel Reeves is expected to
reveal a near 20 billion pound ($25.72 billion) hole in the
public finances as the government accuses the Tories of what it
says is a "failure" to properly run the government finances.
- Crypto exchange Coinbase has been fined 3.5
million pounds by the UK's financial watchdog for providing
payment services to more than 13,000 "high-risk" customers, in
the first enforcement action by the regulator against a company
that enables cryptocurrency trading.
- British e-commerce firm THG is set to cut 171 jobs
across various divisions and has insisted that people return to
the office five days a week.
- Financial technology firm Revolut has received a UK
banking licence with some restrictions, it said on Thursday,
ending a three-year wait for the authorisation and removing
regulatory uncertainty that had held back its ambitions in
Britain.
($1 = 0.7777 pounds)
(Compiled by Bengaluru newsroom)