Press Digest: Financial Times - Dec 13

De La Rue

13/12/2024 03:54

Dec 13 (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
    - HSBC reviews retail banking outside UK and Hong Kong
    - De La Rue in talks over stake with Edi Truell-backed
investors
    - Rio Tinto to invest $2.5 bln in latest commitment to
lithium
    - Vanguard overhauls fees for UK investors
    
    
    
    Overview
    - HSBC  HSBA.L  is reviewing its retail banking operations
outside the UK and Hong Kong, a move that could see it
substantially scale back operations in countries including
Mexico, as it seeks further cost cuts.
    - Banknote maker De La Rue  DLAR.L  said it is in talks with
a consortium for a sale of up to 40% of its equity that would
value the British company at about 245 million pounds ($310.2
million) 
    - Anglo-Australian miner Rio Tinto  RIO.L  plans to invest
$2.5 billion in its first commercial-scale lithium production
project, at Rincon in Argentina, just two months after agreeing
a $6.7 billion deal to buy lithium producer Arcadium.
    - Asset manager Vanguard is overhauling its UK platform fees
with a new 4-pound monthly charge that will leave some "DIY"
investors paying more even as customers of its "managed" service
pay less.
    

($1 = 0.7898 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))