Press Digest: Financial Times - June 5

Credit Suisse AG

05/06/2023 02:04

June 5 (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
    - UBS considers delaying results after Credit Suisse rescue
deal
    - British Chambers of Commerce creates business council to
rival troubled CBI
    - Siemens and Microsoft give last-minute backing to UK's CBI
    - Labour party lands new megadonor in 5 million pound boost
for next UK election
    
    Overview
    - UBS  UBSG.S  is considering delaying its quarterly results
at least until the end of August, as the Swiss banking giant
deals with complexities over its takeover of Credit Suisse
 CSGN.S .
    - Britain's CBI business lobby group was hit with a new
threat to its future on Sunday as its rival, the British
Chambers of Commerce, created a new grouping in a bold move to
become the voice of the UK's most prominent companies.
    - Engineering company Siemens AG  SIEGn.DE  and Microsoft
Corp  MSFT.O  are leading a last-minute drive to shore up
corporate support for Britain's CBI ahead of a key vote of
confidence on Tuesday.
    - Britain's Labour party is set to receive a 5 million pound
 ($6.22 million) financial boost from the former boss of a car
glass repair company to help it fight the next election.
    


($1 = 0.8042 pounds)
    

 (Compiled by Bengaluru newsroom)
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