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PRESS DIGEST- Financial Times - May 2
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PRESS DIGEST- Financial Times - May 2
May 25, 2025 11:56 PM

May 2 (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

- Europe ready to make Trump a 50 billion euros trade offer,

says EU negotiator

- Activist investor's play for Upper Crust owner sets stage

for takeover

- Harrods is latest British retailer to be hit by cyber

attack

- UK government has so far set aside 94 million pounds to

cover British Steel rescue

Overview

- Brussels wants to increase purchases of U.S. goods by 50

billion euros ($56.50 billion) to address the "problem" in the

trade relationship, the EU's top negotiator said, adding that

the bloc is making "certain progress" towards striking a deal.

- Activist investor Irenic Capital Management has built a

stake of around 2% in SSP Group ( SSPPF ) and is pushing the

Upper Crust owner to boost its profit margins.

- London department store Harrods said hackers had attempted

to break into its systems, the third high-profile cyber attack

on a UK retailer in two weeks, following incidents at Marks &

Spencer ( MAKSF ) and the Co-op Group.

- The British government has already set aside almost 100

million pounds to pay for its bailout of British Steel just

weeks after taking control of its two blast furnaces from

Chinese owner Jingye.

($1 = 0.8850 euros)

(Compiled by Bengaluru newsroom)

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