financetom
Business
financetom
/
Business
/
PRESS DIGEST- Financial Times - March 5
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST- Financial Times - March 5
Mar 4, 2024 10:36 PM

March 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

- Cinven agrees to buy majority stake in fund administrator

Alter Domus

- Jeremy Hunt set to give motorists 5 bln pound tax break in

the Budget

- 'Erroneous' filings highlight flaws in Companies House

data

- UK Treasury told to do more to track value for money on

gilt sales

Overview

- British private equity firm Cinven agreed to buy a

majority stake in fund administrator Alter Domus from Permira,

in a 4.9-billion-euro ($5.32 billion) deal.

- British finance minister Jeremy Hunt will give motorists a

5-billion-pound ($6.35 billion) pre-election tax break in the

upcoming budget.

- British supermarket group Sainsbury's ( JSNSF ), private

equity group Macquarie and the Bank of England are some of the

companies affected by hundreds of "erroneous" filings at the

UK's corporate register.

- A cross-party group of MPs has warned the UK Treasury that

it must do more to ensure government debt is issued at the

lowest possible cost to taxpayers ahead of a record year for

gilt sales.

($1 = 0.7880 pounds)

($1 = 0.9217 euros)

(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 >
MTY Food Renews Normal Course Issuer Bid
MTY Food Renews Normal Course Issuer Bid
Jun 28, 2024
08:01 AM EDT, 06/28/2024 (MT Newswires) -- MTY Food Group ( MTYFF ) , a franchisor and operator of restaurants, on Friday said the Toronto Stock Exchange approved the renewal of the company's normal course issuer bid. Under the terms of the bid, MTY can buy back up to 1.2 million common shares, or 5% of the outstanding stock, from...
Copperleaf Technologies to Conduct Special Meeting to Consider IFS AB's Planned Takeover
Copperleaf Technologies to Conduct Special Meeting to Consider IFS AB's Planned Takeover
Jun 28, 2024
08:05 AM EDT, 06/28/2024 (MT Newswires) -- Copperleaf Technologies ( CPLFF ) said Friday that it received an interim order from the Supreme Court of British Columbia to conduct a special shareholders' meeting to consider Industrial and Financial Systems (IFS AB)'s proposed acquisition of the company. The virtual special meeting is scheduled Aug. 2 at 9 a.m. Pacific time. Under...
Top Premarket Decliners
Top Premarket Decliners
Jun 28, 2024
08:05 AM EDT, 06/28/2024 (MT Newswires) -- Nexalin Technology ( NXL ) shares were down nearly 37% in recent Friday premarket activity after the company said overnight that it priced a public offering of its 3 million common shares at $1.75 apiece for gross proceeds of roughly $5.3 million. Accolade (ACCD) stock was 30% lower, a day after the company...
Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand
Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand
Jun 28, 2024
June 28 (Reuters) - Swedish EV-maker Polestar, said on Friday, after months of delays in turning in its financial reports, that its 2023 revenue fell about 3% as it grappled with slowing demand for its higher-priced models. The company reported revenue of $2.38 billion for fiscal year 2023, down from $2.45 billion from restated 2022 figures. Polestar said it will...
Copyright 2023-2026 - www.financetom.com All Rights Reserved