Press Digest: Financial Times - Dec 17

International Distribution Services

17/12/2024 04:18

Dec 17 (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
    Royal Mail is out of British hands after ministers approved
its sale to Daniel Kretinsky
    
    Former Tory minister Greg Clark joins Labour's industrial
strategy council
    
    Cost of HS2 could hit 66 billion pounds, according to
management estimate
    
    Overview
    Kretinsky's billion dollar deal to buy Royal Mail owner
International Distribution Services  IDSI.L  was struck in May,
the final agreement only came on Monday after his EP Group made
commitments to the UK government. 
    
    Greg Clark, the former Conservative business secretary is to
take up a new role advising the Labour government on how to
boost the economy.
    
    The cost of building Britain's High Speed 2 railway has been
estimated at up to 66 billion pounds ($83.69 billion), which is
a 9 billon pound increase on a previous calculation, in a paper
produced this year by the troubled project's management.
    
    


($1 = 0.7886 pounds)

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