May 21 (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 confirms Gulf trade deal in boost for service

industries

* Reeves cuts food tariffs and children's bus fares in cost

of living plan

* OpenAI readies IPO filing to list as soon as September

* Intesa Sanpaolo is exploring a bid for Spanish private

bank Singular

Overview

* Britain said on Wednesday it had secured a trade deal with

the Gulf Cooperation Council worth $5 billion a year in the long

run, deepening economic ties with allies in a region dealing

with the fallout from the Iran war.

* British finance minister Rachel Reeves will on Thursday

set out measures to try to ease the cost of living, including

free bus fares for children and possible reductions on some food

tariffs.

* OpenAI is preparing to file for a public listing as early

as this week, with the AI lab aiming for a blockbuster initial

public offering as soon as September.

* Italy's Intesa Sanpaolo is exploring a bid for

Spanish private bank Singular, in a move that would represent a

rare example of cross-border dealmaking among European lenders.

(Compiled by Bengaluru newsroom)