Press Digest: Financial Times - October 16

Apollo Global Management

16/10/2026 03:33

Oct 16 (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
Healey signals tax raid on banks in UK Budget
Bankers and advisers set for £334mn easyJet payout
France and Germany to allow UK to join EU car policy if it aligns on China tariffs
Thames Water's senior creditors near deal with rivals to avoid court challenge 
Overview
British finance minister John Healey signalled banks could face higher levies in the forthcoming UK Budget, pointing to looming fiscal decisions as the financial-services industry prepares for a potential increase in its tax burden
Bankers and advisers are set to collect £334 million ($443.38 million) in fees from Apollo's APO.N proposed £5.7 billion takeover of easyJet EZJ.L, making the transaction one of the City of London's most lucrative acquisitions this year
France and Germany are nearing an agreementthat would let Britain join an EU automotive subsidy and combustion-engine policy if London aligns with the bloc's tariffs on Chinese imports
Thames Water's senior creditors are nearing an agreementwith junior bondholders to avert a court challenge, offering them an equity stake intended to ease the path toward a takeover of the troubled British utility.
     
($1 = 0.7533 pounds)

 (Compiled by Bengaluru newsroom)
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