Press Digest: Financial Times - Nov 14

Financials Acquisition

14/11/2023 24:49

Nov 14 (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
    - General Atlantic takes controlling stake in Joe & the
Juice 
    
    - London Spac ditches attempt to raise funds for insurance
deal 
    
    - British Land rebuffed Meta's alternative tenant for London
office 
    
    - German car parts supplier Continental to cut thousands of
jobs 
    
    Overview
    U.S. private-equity firm General Atlantic is to take a
controlling stake in Danish sandwich chain Joe & the Juice,
increasing its interest to as much as 90%, valuing the company
at about $600 million. 
    
    Financials Acquisition Corp  FINSF.L , a blank-cheque
company, has abandoned an attempt to raise up to 300 million
pounds ($368.37 million) from London stock market investors for
a new insurance venture it planned to pursue by combining with
London Innovation Underwriters.
    
    British Land  BLND.L  rebuffed an alternative tenant to
replace Meta  META.O  on a major London office lease in favour
of trying to re-let the space near Regent's Park itself at
higher rents. 
    
    German car parts supplier Continental  CONG.DE  has
announced thousands of job cuts in its automotive division which
employs 100,000 people. 



     ($1 = 0.8144 pounds)
     ($1 = 0.9347 euros)

 (Compiled by Bengaluru newsroom)
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