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VEDL - Vedanta News Story

₹125.6 0.4  0.3%

Last Trade - 11:19am

Sector
Basic Materials
Size
Large Cap
Market Cap £4.74bn
Enterprise Value £7.53bn
Revenue £8.63bn
Position in Universe 64th / 3000

PRESS DIGEST- Financial Times - May 13

Wed 13th May, 2020 1:37am
May 13 (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
    Treasury sets out stark UK budget options for tackling
COVID-19 https://on.ft.com/2SYCyFO
    
    Britain's housing market set for comeback https://on.ft.com/2T0zRmX
    
    Sale of Agnelli insurer PartnerRe to Covéa collapses https://on.ft.com/2yQfd29
    
    Anil Agarwal launches $2bn buyout bid for Vedanta https://on.ft.com/2WSZBTl
    
    Overview
    UK ministers will have to raise taxes sharply in the coming
months to deal with an estimated 337 billion pounds ($413.23
billion) deficit in the current financial year in the wake of
the COVID-19 pandemic, according to a leaked Treasury document.

    Buying and selling houses is set to return again after seven
weeks of gridlock when Britain went into lockdown as new
regulations on UK housing are set to come into force on
Wednesday.
    
    A planned $9 billion acquisition of Bermuda reinsurer
PartnerRe, which is owned by Italy's Exor NV  EXOR.MI , has
collapsed after France's Covéa said it was no longer willing to
go ahead on the terms agreed in March with Exor.
    
    Vedanta Group Chairman Anil Agarwal has launched a $2
billion-plus bid to buy out minority shareholders in the
company's Indian unit Vedanta Ltd  VDAN.NS .

($1 = 0.8155 pounds)

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