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Press Digest: Financial Times - September 30

PRESS DIGEST-Financial Times - September 30

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

* Deloitte partner pay rises to record £1.1 million as firm cuts staff

*Shell led consortium backs $23 billion expansion of LNG Canada project

*UK bosses left in dark by Burnham and Healey’s emphasis on ‘cost of business’

*Man City found to have artificially boosted finances by more than £900 million.




Overview

*Deloitte paid its UK-based partners a record £1.13 million ($1.49 million)last year as the Big Four firm cut costs and jobs to counter AI disruption of the accounting and consulting sector.

*Shell SHEL.L and its partners, gave the green light to a LNG Canada Phase 2 expansion in Kitimat, British Columbia, a C$33 billion bet that will double the facility's production capacity.

*Labour sought to reassure business leaders at its party conference, but executives said uncertainty remained over whether next month’s Budget would raise or cut business costs, despite repeated references by senior ministers to the “cost of business.”

*Manchester City artificially inflated its financial position by more than £900 million over a nine-year period, City had been found guilty of virtually all the charges laid against it in 2023.



($1 = 0.7559 pounds)


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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