financetom
Business
financetom
/
Business
/
PRESS DIGEST- Financial Times - Oct 7
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST- Financial Times - Oct 7
Oct 6, 2024 7:35 PM

Oct 7 (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

- New York Sun owner Dovid Efune closes in on 550 mln pounds

($720.67 mln) deal for UK's Telegraph

- PwC launches UK operations overhaul to include standalone

tech and AI unit

- Sue Gray quits as Number 10 chief of staff as Keir Starmer

overhauls team

- Seven & i ( SVNDF ) aims to bolster takeover defences with non-core

asset sales

Overview

- New York Sun owner Dovid Efune is closing in on a deal to

buy the Telegraph for more than 550 million pounds ($720.67

million), which would end a 16 month battle for control of the

conservative British national newspaper.

- PwC's new UK chief has launched an overhaul of its

operations in the country. This will involve creating a

standalone technology and artificial intelligence unit, in a

move that bosses acknowledged could be "unsettling" for staff.

- UK Prime Minister Keir Starmer has conducted a massive

shake-up of his Number 10 team, with chief of staff Sue Gray

quitting her post after only three months in Downing Street.

- Seven & i Holdings ( SVNDF ) is exploring the possibility

of selling its non-core assets to private equity and other

investors.

($1 = 0.7632 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 >
HSBC third-quarter profit rises 10%, beats estimates
HSBC third-quarter profit rises 10%, beats estimates
Nov 3, 2024
HONG KONG/LONDON (Reuters) - HSBC Holdings ( HSBC ) reported a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as it benefited from slower-than-expected rate cuts while it is embarking on one of the largest overhauls in its history. Europe's largest bank posted pretax profit of $8.5 billion for the July-to-September period versus $7.7 billion a year earlier....
Oil prices little changed though US reserve bid lends support
Oil prices little changed though US reserve bid lends support
Nov 3, 2024
TOKYO (Reuters) -Oil prices were little changed on Tuesday after falling in the previous session as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth exerted pressure. Brent crude futures climbed 3 cents to $71.45 a barrel by 0415 GMT, while U.S. West Texas Intermediate crude...
HSBC third-quarter profit rises 10%, beats estimates
HSBC third-quarter profit rises 10%, beats estimates
Nov 3, 2024
HONG KONG/LONDON, Oct 29 (Reuters) - HSBC Holdings ( HSBC ) reported a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as it benefited from slower-than-expected rate cuts while it is embarking on one of the largest overhauls in its history. Europe's largest bank posted pretax profit of $8.5 billion for the July-to-September period versus $7.7 billion a...
HSBC books 10% profit rise for third quarter, launches $3 bln buyback
HSBC books 10% profit rise for third quarter, launches $3 bln buyback
Nov 3, 2024
HONG KONG/LONDON, Oct 29 (Reuters) - HSBC Holdings ( HSBC ) posted a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as its wealth and wholesale banking benefited from slower-than-expected rate cuts while it embarks on one of the largest overhauls in its history. Europe's largest bank posted pretax profit of $8.5 billion for the July-to-September period versus...
Copyright 2023-2026 - www.financetom.com All Rights Reserved