Press Digest: Financial Times - April 24

Banco BPM SpA

24/04/2026 08:23

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

MPS chief considers 7.4 billion euros Generali stake sale

JD Sports chair quit after failing to convince board to oust CEO

Mercuria to invest in smelters and mines as it expands metals push

KPMG and EY demote partners in end of job-for-life model

Cohere and Aleph Alpha agree $20 billion transatlantic AI tie-up

Overview

Monte dei Paschi di SienaBMPS.MI chief Luigi Lovaglio is considering selling a 7.4 billion euro ($8.64 billion) stake in GeneraliGASI.MI to help fund an acquisition of Banco BPM BAMI.MI.

JP sports JD.L chair Andy Higginson has resigned after pushing to remove chief executive Regis Schultz but failing to win unanimous support from the retailer's board.

Mercuria will take its first stake in an aluminium smelter and pursue copper mining investments, marking a shift toward asset ownership as the Swiss trader expands its $3 billion base-metals spending.

KPMG and EY have removed some members of their equity partnerships and offered them salaried partner roles, marking a shift in how the Big Four firms structure senior leadership

Canadian AI firm Cohere has agreed to buy Germany's Aleph Alpha in a roughly $20 billion deal.

($1 = 0.8564 euros)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))