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PRESS DIGEST- Financial Times - June 5
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PRESS DIGEST- Financial Times - June 5
Jun 4, 2025 7:21 PM

June 5 (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

UK to unveil pension reform aimed at boosting retirement

savings

Boeing ( BA ) reaches deal to avoid prosecution over 737 Max

crashes

Chart and Flowserve ( FLS ) agree $19 billion merger to form gas and

liquid technologies leader

Santander scraps plan to appoint executive under criminal

investigation

L'Oréal poised to seal 1 billion euro deal for skincare

brand Medik8

Overview

Ministers will unveil a sweeping overhaul of Britain's

pensions system on Thursday aimed at unpicking problems created

by previous rules and boosting the retirement savings of

millions of people.

The U.S. justice department has struck a deal with Boeing ( BA )

that allows the plane maker to avoid prosecution for

defrauding aviation regulators, provided a federal judge

approves the agreement, according to a securities filing.

U.S. industrials Chart Industries ( GTLS ) and Flowserve ( FLS )

have agreed a $19 billion all-stock merger, in a push to

create a leading provider of products and services addressing

the movement of liquids and gases for sectors including LNG,

nuclear energy and data centres.

Santander has scrapped a plan to appoint a

Brazilian executive as its chief accountant, nearly four months

after he was placed under police investigation for alleged fraud

while working at Brazil's largest bank.

L'Oréal is poised to seal a roughly 1 billion-euro

($1.14 billion) deal to buy UK skincare company Medik8, in the

latest push by the French cosmetics giant to bolster its

offering of premium beauty brands.

($1 = 0.8760 euros)

(Compiled by Bengaluru newsroom)

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