Press Digest: Financial Times - July 24
24/07/2024 03:17
July 24 (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
- KKR in talks to buy a stake of up to 25% in Eni's biofuel
business
- Informa nears deal to buy Cannes Lions owner Ascential for
more than 1.1 bln pounds
- FCA takes push for $700mn BlueCrest Capital redress plan
to Court of Appeal
- BBC plans 500 job cuts in push for more cost savings
- Meta warns EU regulatory efforts risk bloc missing out on
AI advances
Overview
- Investment firm KKR KKR.N is in talks with Eni ENI.MI
about buying a stake in the Italian energy group's biofuel arm
that could value the business at between 11.5 billion euros
($12.48 billion) and 12.5 billion euros including debt.
- UK events group Informa INF.L is in advanced talks to
acquire rival Ascential ASCL.L , which owns global conferences
including advertising festival Cannes Lions, for more than 1.1
billion pounds ($1.42 billion).
- The UK's financial conduct regulator is fighting to
resurrect a $700 million redress scheme that it wants to impose
on billionaire Michael Platt's BlueCrest Capital over
allegations of "reckless" conduct.
- The BBC plans to cut 500 jobs as the UK national
broadcaster seeks more cost savings after a real-term decline in
its funding from the licence fee over the past decade.
- Meta META.O has warned that the EU's approach to
regulating artificial intelligence is creating the "risk" that
the continent is cut off from accessing cutting-edge services,
while the bloc continues its effort to rein in the power of Big
Tech.
($1 = 0.7755 pounds)
($1 = 0.9218 euros)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))