Press Digest: Financial Times - October 20
PRESS DIGEST-Financial Times - October 20 Oct 20 (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
- Anthropic and Nscale in talks for second multibillion-dollar deal
- Healey rules out increasing capital gains tax in the Budget
- BoE scrutinises Barclays over claim traders misrepresented private credit exposure
- Activist Starboard targets Honeywell spin-off Solstice after failed megadeal
Overview
- AI cloud computing firm Nscale is in talks to sell computing power to Anthropic in a deal that could be worth about $45 billion.
- British finance minister John Healey has rejected calls to raise capital gains tax in his first budget on October 28, opting instead to prioritise economic growth and business investment.
- The Bank of England is examining whether Barclays BARC.L traders misrepresented illiquid private credit loans to understate their risk after concerns were raised by an insider.
- Activist investor Starboard Value has built a stake in Solstice Advanced Materials SOLS.O and is pushing the Honeywell spin-off to take steps to lift its share price.
(Compiled by Bengaluru newsroom)