Press Digest: Financial Times - July 17

Abb

17/07/2026 03:23

July 17 (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
- ABB buys UK engineering group Rotork in £4.1 billion deal
- Dassault Systèmes in talks to buy drug trial software company for about $2 billion
- PwC and partner fined more than £3 million over Babcock audit failings
- Monte dei Paschi claims €30.6 billion bid from Intesa 'undervalues' bank

     Overview
- Swiss engineering group ABB ABBN.S has agreed to buy smaller UK rival Rotork ROR.L in a £4.1 billion ($5.52 billion) deal. 
- French conglomerate Dassault Systèmes DAST.PA is in talks to buy drug trial software maker ArisGlobal from Nordic Capital for about $2 billion. 
- The UK accounting regulator has fined PwC and one of its partners more than £3 million for "serious and numerous breaches" in the auditing of defence and aerospace company Babcock. 
- Monte dei Paschi di Siena's BMPS.MI board has pushed back against Intesa Sanpaolo's ISP.MI €30.6 billion offer, saying it "undervalues" the Italian banking group. 
     


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