Categories: World

PRESS DIGEST-Financial Times – October 9

Published by TSG Syndication

Oct 9 (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 - HSBC offers $13.6 billion deal to delist local Hong Kong unit - Glencore secures $394 million from Australia to keep copper smelter operational - Peter Hargreaves to step down from Hargreaves Lansdown board - Leonard Blavatnik injects another $587 million into DAZN as losses narrow Overview - HSBC has proposed a HK$106 billion ($13.62 billion) all-cash deal to delist and fully privatize its Hong Kong lender Hang Seng Bank, offering HK$155 per share at a 30% premium, as part of its restructuring plan. - Glencore has secured a support package worth up to A$600 million ($395.9 million) from Australia's federal and Queensland governments to sustain operations at its Mount Isa copper smelter and Townsville copper refinery for three years. - Peter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is stepping down as a board director of the DIY investment platform, with his son Robert taking his board position. - Billionaire Leonard Blavatnik has invested an additional $587 million into his sports streaming platform DAZN, pushing his total investment to over $7 billion in less than a decade. ($1 = 7.7804 Hong Kong dollars) ($1 = 1.5154 Australian dollars) (Compiled by Bengaluru newsroom) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication