Press Digest: Financial Times - Oct 24
24/10/2024 04:10
Oct 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
- Addison Lee to be bought by Singapore-listed group in 269
mln pounds deal
- UK ministers explore using break clauses in asylum housing
contracts
- Arm cancels Qualcomm’s chip design licence amid legal
dispute
- UK competition regulator to probe investment barriers
- Intesa Sanpaolo unveils plans to cut 9000 jobs
Overview
- Addison Lee, the UK-based private-hire taxi and courier
company, has agreed to be bought by Singapore-listed transport
conglomerate ComfortDelGro CMDG.SI in a deal valuing the
business at 269.1 million pounds ($347.68 million).
- Britain ministers are keen to renegotiate terms or end the
contracts for asylum accommodation with outsourcers including
Serco SRP.L and Mears MERG.L as private companies made huge
profits.
- SoftBank 9984.T owned Arm O9Ty.F has told US chipmaker
Qualcomm QCOM.O it will cancel its chip design licence,
raising the stakes in an intellectual property dispute set to go
to trial in December.
- The Competition and Markets Authority, Britain's
competition watchdog, has launched a study into barriers to
investment in the UK, including how competition affects the
attractiveness of the UK as an investment destination.
- Intesa Sanpaolo ISP.MI , Italy's largest bank, announced
plans on Wednesday to axe almost 10 per cent of its workforce as
it aims to reduce costs and accelerate its digital
transformation.
($1 = 0.7740 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))