Press Digest: Financial Times - June 26

Hipgnosis Songs Fund

26/06/2024 01:43

June 26 (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
    
    - Blackstone switches to 'best and final' offer for
Hipgnosis Songs Fund
    
    - UK election betting scandal deepens as Labour suspends
candidate
    
    - Chappell must repay at least 50 mln pounds over BHS
collapse
    
    - LVMH's Bernard Arnault emerges as personal stakeholder in
Richemont
    
    Overview
    
    - Blackstone  BX.N  has made a "best and final" offer for
Hipgnosis Songs Fund  SONG.L  as it seeks to forestall any
attempt to agitate for a higher price by hedge funds that have
built a large stake in the UK-listed music rights owner.

    - Britain's main opposition Labour suspended Kevin Craig,
its candidate for Central Suffolk and North Ipswich, after he
wagered he would lose his bid to become an MP and became the
subject of a probe into election betting by the Gambling
Commission.

    - Dominic Chappell must pay at least 50 million pounds 
($63.39 million) to cover losses racked up by BHS before the
department store's collapse, after a judge found that its former
head sought to "plunder" the UK retailer.

    - Bernard Arnault, the billionaire founder of luxury goods
group LVMH  LVMH.PA , has bought shares in Richemont  CFR.S ,
the rival Swiss-based conglomerate behind high-end jeweller
Cartier.
    
    ($1 = 0.7888 pounds)

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