Press Digest: Financial Times - September 24
PRESS DIGEST-Financial Times - September 24 Sept 24 (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 moves board meeting from Dubai to London amid safety concerns
- Arnault family moves to consolidate control of LVMH
- Treasury open to smaller fiscal headroom to reduce UK tax hikes
- Bentley's first electric car set to be half the price of Ferrari's Luce
Overview
- HSBC HSBA.L moved a board meeting scheduled to take place in Dubai this month to London amid concerns over safety as the war in Iran continues to disrupt executive travel to the region.
- The family of French billionaire Bernard Arnault unveiled a plan to simplify the shareholding structure of the luxury group LVMH LVMH.PA through Christian Dior DIOR.PA, which also belongs to the family.
- British finance minister John Healey may accept a smaller fiscal buffer to reduce tax rises in next month's budget as investors signaled the gilt market would not be spooked by a more modest headroom target.
- Bentley has unveiled its first electric car at a price expected to be less than half the amount of Ferrari's RACE.MI rival offering, as the UK luxury carmaker bets on the new SUV to attract younger and first-time customers.
(Compiled by Bengaluru newsroom)