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PRESS DIGEST- Financial Times - Sept. 23
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PRESS DIGEST- Financial Times - Sept. 23
Sep 22, 2024 8:04 PM

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)

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