PRESS DIGEST-Financial Times - Oct 27
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 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, weeks after private equity group Apollo Global agreed to take it private.
- Shareholders in Hipgnosis Songs Fund 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)