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)