Press Digest: Financial Times - October 6

Intesa Sanpaolo

06/10/2026 03:33

Oct 6 (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
-  BT buys struggling rival TalkTalk out of administration
- Top Monte dei Paschi investor backs Intesa's sweetened €34.5 billion takeover bid
- Schneider Electric to buy industrial software group PTC for $23.7 billion
- Sainsbury's held merger talks with smaller rival Morrisons

Overview
   - Britain's BT Group BT.L acquired troubled rival TalkTalk for £400 million ($530 million), rescuing the broadband operator and protecting 2.5 million customers from potentially losing their services. 
- Italy's biggest bank Intesa Sanpaolo ISP.MI moved closer towards securing its takeover target Monte dei Paschi di Siena BMPS.MI after the largest shareholder in MPS agreed to accept Intesa's improved offer.
- France's Schneider Electric SCHN.PA will acquire US engineering software provider PTC in a $23.7 billion deal that marks the French industrial conglomerate's biggest takeover.
- Britain's second-largest grocer Sainsbury's SBRY.L held talks with smaller rival Morrisons about a merger earlier this year. 


     

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