Press Digest: Financial Times - Oct 27

Restaurant

27/10/2023 02:00

Oct 27 (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
    
    - Stellantis to invest 1.5 bln euros for 20% stake in
Chinese EV maker Leapmotor 
    
    - UK regulator warns on financial health of four water
suppliers 

    - PizzaExpress owner considers offer for UK rival TRG 
    
    - Hipgnosis shareholders vote against continuation of
UK-listed music investment trust 


    Overview
    
    - Stellantis  STLAM.MI  will acquire about 20% of Chinese
electric vehicle startup Leapmotor for 1.5 billion euros ($1.58
billion) and form a joint venture with the company to sell
Leapmotor's electric vehicles outside China. 
    
    - UK regulator Ofwat has warned about the financial health
of four water suppliers in England, Thames Water, Southern
Water, South East Water and SES Water. 
    
    - PizzaExpress owner Wheel Topco is weighing a possible
rival offer for Wagamama owner The Restaurant Group  RTN.L ,
weeks after private equity group Apollo Global  APO.N  agreed to
take it private. 

    - Shareholders in Hipgnosis Songs Fund  SONG.L  have voted
down its attempt to secure a further five-year mandate, throwing
the future of the troubled UK-listed music rights owner into
question.

    ($1 = 0.9474 euros)
    

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