financetom
Business
financetom
/
Business
/
PRESS DIGEST- Financial Times - Oct. 4
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST- Financial Times - Oct. 4
Oct 4, 2024 3:20 AM

Oct 4 (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 pledges 22 bln pounds in funding for carbon capture and

storage projects

Reeves raises hopes of investment surge as she attacks Tory

plans

UK drivers have 'no fiscal incentive' to buy EVs, warn

carmakers

Anglo American chief says not 'inevitable' buyer will emerge

after group slims down

Overview

The UK government has announced up to 21.7 billion pounds

($28.49 billion)of support to get the country's first carbon

capture and storage projects up and running, in a big moment for

the nascent industry but one which highlights the costs

involved.

Rachel Reeves has attacked her predecessor for cutting back

on planned investment as she cleared the way for billions of

pounds of extra capital spending in this month's budget.

British car buyers have "no fiscal incentive" to buy

electric cars, the UK's auto industry has warned chancellor

Rachel Reeves, as it called for tax cuts to spur the EV market

and help carmakers avoid paying crippling fines.

The chief executive of Anglo American on Thursday

said it is not "inevitable" a new buyer for the group will

emerge after it has sold off four major parts of its business

following BHP's failed 39 billion pounds ($51.21

billion) takeover attempt.

($1 = 0.7616 pounds)

(Compiled by Bengaluru newsroom)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Canada's CES Q3 revenue beats expectations driven by favorable product mix 
Canada's CES Q3 revenue beats expectations driven by favorable product mix 
Nov 13, 2025
Overview * CES Q3 2025 revenue beats analyst expectations, driven by favorable product mix * Record Adjusted EBITDAC of C$103.3 mln at 16.6% margin for Q3 2025 * Company returns C$45.4 mln to shareholders through dividends and share repurchases Outlook * CES expects 2025 capital expenditures to be C$80 mln, rising to C$85-C$90 mln in 2026 * Company sees constructive...
Aptose Biosciences Q3 net loss narrows
Aptose Biosciences Q3 net loss narrows
Nov 13, 2025
Overview * Aptose reports Q3 net loss of $5.1 mln, down from $7.0 mln last year * Research and development expenses decreased due to reduced clinical and manufacturing activity Outlook * Company did not provide specific financial guidance Result Drivers * R&D: Research and development expenses decreased by $2.5 million to $2.2 million for the quarter ended September 30 Key...
Canada's DPM Metals beats Q3 adjusted EPS estimates
Canada's DPM Metals beats Q3 adjusted EPS estimates
Nov 13, 2025
Overview * DPM Metals ( DPMLF ) Q3 adjusted EPS and adjusted EBITDA beat analysts' estimates * Revenue rose 82% yr/yr to $267.4 mln * Company completed acquisition of Adriatic Metals, integrating Vareš operation into portfolio Outlook * DPM expects higher Vareš production in 2026 than previously anticipated * Čoka Rakita feasibility study on track for completion by year-end 2025...
Gas producer Peyto Exploration & Development Q3 FFO rises, driven by low cash costs, hedging
Gas producer Peyto Exploration & Development Q3 FFO rises, driven by low cash costs, hedging
Nov 13, 2025
Overview * Peyto Q3 funds from operations at C$198.9 mln, driven by low cash costs and hedging * Company's Q3 production rises 8% yr/yr, supported by successful capital program * Net debt reduced by C$20.5 mln in Q3, maintaining strong financial position Outlook * Peyto plans C$450-C$500 mln capital investment for 2026 * Company expects to add 43,000-48,000 Boe/d new...
Copyright 2023-2026 - www.financetom.com All Rights Reserved