Press Digest: Financial Times - April 30
30/04/2026 06:07
April 30 (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 EU in talks with Hungary’s Péter Magyar on workaround for frozen funds Bank of England in stand-off with FCA over trading firms’ capital AstraZeneca revives Cambridge investment after UK agrees to pay more for drugs DCC considers takeover bid from KKR and Energy Capital Overview The European Union is negotiating with Peter Magyar, Hungary’s incoming prime minister, a workaround to keep part of 10 billion euros ($11.66 billion) in frozen Covid-19 pandemic recovery funds available beyond an August deadline. The Bank of England has raised concerns over plans by the Financial Conduct Authority to cut the capital requirements of specialist trading firms such as Citadel Securities, Jane Street and Hudson River Trading. AstraZeneca AZN.L is to resume the expansion of its research and development operations in Cambridge, and would invest 300 million pounds ($403.74 million) to complete the Rosalind Franklin building that it put on pause last year. Irish Energy distributor DCC DCC.L said it is reviewing a cash takeover proposal from a consortium comprising U.S. investment firms Energy Capital Partners and KKR KKR.N. ($1 = 0.8574 euros) ($1 = 0.7431 pounds) (Compiled by Bengaluru newsroom) ((globalnewsmonitoring@thomsonreuters.com))