Financial Times - Oct 15
Oct 15 (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
- Dovid Efune enters exclusive talks over Telegraph deal
- Rachel Reeves cuts National Wealth Fund budget despite UK investment drive
- Intesa Sanpaolo apologises after 'disloyal' employee accessed Giorgia Meloni's account
- TPG and Blackstone team up to bid for eyecare group Bausch + Lomb
Overview
- New York Sun owner Dovid Efune has entered into exclusive talks over the $550 million acquisition of the UK's Telegraph, giving the British-born media executive six weeks to complete a deal for the national newspaper.
- UK Chancellor Rachel Reeves said on Monday that the UK Infrastructure Bank would be rebranded as the National Wealth Fund to help direct "tens of billions of pounds" of private investment into decarbonising the British economy.
- Italy's Intesa Sanpaolo ISP.MI has issued a public apology after a "disloyal employee" conducted more than 6,000 illegal breaches of accounts including those of Prime Minister Giorgia Meloni and EU commissioner-designate Raffaele Fitto.
- Private equity groups TPG TPG.O and Blackstone BX.N have teamed up to work on a joint bid for eyecare company Bausch + Lomb BLCO.TO, making it potentially one of the largest private equity buyouts of the year.
(Compiled by Bengaluru newsroom)
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