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PRESS DIGEST- Financial Times - Oct. 14
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PRESS DIGEST- Financial Times - Oct. 14
Oct 17, 2024 12:20 AM

Oct 14 (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

- Starmer vows to 'rip out bureaucracy' to aid growth at

investment summit

- Efune in advanced talks over Telegraph deal financing

- Mulberry's biggest shareholder has 'no interest' in

selling to Frasers ( SDIPF )

- Musk's SpaceX catches returning booster rocket in

technical milestone

Overview

- British Prime Minister Keir Starmer will on Monday ask

Britain's competition watchdog to soften its approach as he vows

to "rip out bureaucracy" in order to make the UK a more

attractive investment destination.

- New York Sun owner Dovid Efune is in advanced talks with

several large equity investors, including Ashcroft Partners, to

finance a $550mn acquisition of the UK's Telegraph newspaper,

ahead of an exclusivity period likely to start this week.

- The majority shareholder in UK luxury handbag maker

Mulberry has told Mike Ashley's Frasers Group ( SDIPF ) that it

is not interested in selling the business, in a clear rejection

of its two conditional offers to date.

- Elon Musk's SpaceX accomplished a momentous technical feat

early on Sunday morning by catching a booster rocket with

mechanical arms on its return from a test flight.

(Compiled by Bengaluru newsroom)

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