Sept 23 (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
REA Group ( RPGRF ) raises bid for UK rival Rightmove ( RTMVF )
UK pension fund Nest agrees tie-up to invest up to £1bn in
build-to-rent
Rachel Reeves to rule out return to austerity after gloomy
rhetoric draws criticism
Fidelity and Abrdn ( SLFPF ) join new trade body for investment
platforms
Overview
Australia's largest real estate listings company REA Group ( RPGRF )
, majority owned by Rupert Murdoch's News Corp ( NWSA ),
has launched a third bid for UK rival Rightmove ( RTMVF ) that
values the British property listings company at 6.1 billion
pounds ($8.12 billion).
The UK's state-backed pension scheme Nest has agreed a
tie-up with insurer Legal & General ( LGGNF ) and Dutch pension fund
manager PGGM to invest up to 1 billion pound in build-to-rent
properties.
UK chancellor Rachel Reeves will try to counter claims on
Monday that she has been talking the economy down, telling the
Labour party conference there will be "no return to austerity"
and insisting her Budget will have "real ambition".
Fidelity and Abrdn ( SLFPF ) have joined a new trade
association to steer the 800 billion pound investment platform
industry through increasing regulatory scrutiny and a UK
government overhaul of the Isa market.
($1 = 0.7515 pounds)
(Compiled by Bengaluru newsroom)