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PRESS DIGEST- Financial Times - Nov 28
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PRESS DIGEST- Financial Times - Nov 28
Nov 27, 2024 5:43 PM

Nov 28 (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 car insurer Direct Line rejects £3.3bn takeover offer

by Aviva

- Mauritius raises concerns about UK plan to cede

sovereignty over Chagos Islands

- UK watchdog fines former Wizz Air executive for secret

share trading

- Michael Ellam tapped up to be UK's next 'EU sherpa'

Overview

- UK car insurance company Direct Line has rejected

a takeover approach from Aviva, saying the cash and

shares offer was "highly opportunistic" and "substantially"

undervalued the business.

- The new government of Mauritius has raised concerns about

UK's plans to secure a key US military base after giving up

sovereignty of the Chagos Islands.

- Wizz Air's ( WZZAF ) former supply chain manager Andras

Sebok has been fined by UK financial watchdog Financial Conduct

Authority (FCA) for failing to properly disclose 115 personal

trades in shares of the low-cost airline worth more than 4

million pounds ($5 million), many of which were done at

prohibited times.

- Michael Ellam, a former UK Treasury official who left the

civil service in 2013 to join HSBC ( HSBC ) bank where he is a

senior executive, has been tapped for the role of "EU sherpa" to

lead the UK government's reset talks with Brussels.

($1 = 0.7896 pounds)

(Compiled by Bengaluru newsroom)

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