Press Digest: Financial Times - August 25

Sculptor Capital Management

25/08/2022 01:01

Aug 25 (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
    - Another brick in the Wall Street as Blackstone eyes Pink
Floyd catalogue https://on.ft.com/3KiwIs2
    - Billionaire investor Daniel Och targets Sculptor CEO over
'escalating pay' https://on.ft.com/3dJ0ZUK
    - British steelmakers forced to pay 25% tariff on N Ireland
sales https://on.ft.com/3R5XI0f
    - Visa and Mastercard blame fraud for post-Brexit fee
increases https://on.ft.com/3pHRGHv
    
    Overview
    - U.S. private equity group Blackstone Inc  BX.N  is vying
to buy Pink Floyd's back catalogue, a major bet on music rights
that could value the band's songs at almost half a billion
dollars.
    - Daniel Och, the billionaire investor who founded Sculptor
Capital Management  SCU.N , has accused the group's chief
executive of leveraging power over the board "to extract ever
escalating pay packages" that dwarf those of the likes of
JPMorgan Chase & Co's  JPM.N  Jamie Dimon and Goldman Sachs
Group Inc's  GS.N  David Solomon.
    - British steel producers will have to pay a 25 per cent
tariff to sell certain construction products into Northern
Ireland after EU quotas for global imports were exhausted
earlier than expected.
    - Visa Inc  V.N  and Mastercard Inc  MA.N  blamed fraud and
growing competition for the spike in fees between the UK and the
EU after Brexit as the payment companies face a number of probes
into the functioning of the card market.
       
    

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