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PRESS DIGEST- Financial Times - March 5
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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)

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