Nov 29 (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
- St James's Place closes £1.8bn property funds and exits
market
- Telegraph newspaper deal extended until end of year
- Aviva goes direct to Direct Line shareholders
- Net migration to the UK hit record 900,000 in 2023
Overview
- UK wealth manager St James's Place is closing its
1.8 billion pound ($2.29 billion) property funds and exiting the
sector after two decades due to "a challenging period", as some
investment experts believe the market for open-ended property
funds is "over."
- The sale of the Telegraph faces further delays after
RedBird IMI gave Dovid Efune, the preferred bidder, until at
least Christmas to raise the money to acquire a national
newspaper that has been without a permanent owner for about 18
months.
- Aviva has contacted shareholders in Direct Line
in a move that could pave the way for a hostile
takeover bid for its smaller rival.
- Net migration to the UK exceeded 900,000 for the year to
June 2023, the highest annual total on record, in what British
Prime Minister Keir Starmer called a "complete loss of control"
by the previous Conservative government.
($1 = 0.7873 pounds)
(Compiled by Bengaluru newsroom)