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PRESS DIGEST- Financial Times - September 3
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PRESS DIGEST- Financial Times - September 3
Sep 2, 2025 7:47 PM

Sept 3 (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

- Thames Water creditors pledge more investment to try to

seal rescue deal

- US group's acquisition of top UK wealth managers heralds

new consolidation push

- Starmer considers digital ID rollout in bid to tackle

illegal migration

- Asda owner TDR Capital among suitors circling Costa Coffee

- Jaguar Land Rover says production 'severely' disrupted by

cyber incident

Overview

- Thames Water's creditors, including Elliott and Silver

Point, have pledged hundreds of millions in additional

investment to secure a rescue deal and avoid renationalisation,

submitting a revised turnaround plan to Ofwat amid ongoing

negotiations over fines and environmental targets.

- U.S. wealth manager Corient, backed by Mubadala Capital,

is acquiring UK firms Stonehage Fleming and Stanhope Capital to

form a $430 billion global powerhouse, accelerating industry

consolidation and expanding into Europe, the Middle East, and

Africa.

- UK Prime Minister Keir Starmer is exploring a digital ID

rollout to curb illegal migration and address French concerns

over Britain's labor market, while also warning foreign students

against visa overstays and tightening asylum policies amid

rising pressure.

- TDR Capital, owner of Asda, is among several

suitors-including Apollo and Citic-exploring a bid for Costa

Coffee, as Coca-Cola considers selling the UK chain at a

loss after disappointing performance since its 3.9 billion pound

($5.27 billion) acquisition.

- Jaguar Land Rover's global retail and production

operations have been severely disrupted by a cyber incident,

compounding challenges from falling profits and ongoing

restructuring.

($1 = 0.7402 pounds)

(Compiled by Bengaluru newsroom)

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