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

- DraftKings walks away from 18.4 bln stg offer for UK rival Entain Link

- Jaguar Land Rover teams up with Tesla to help meet EU emission rules Link

- UK to shut out China with revamped nuclear funding model Link

- Sunak to commit to fiscal discipline in Budget Link

Overview

- U.S. betting company DraftKings Inc DKNG.O has walked away from its 18.4 bln pound ($25.30 bln) offer for UK rival Entain PLC ENT.L just a week after a deadline to make a firm bid was extended.

- UK carmaker Jaguar Land Rover has joined a scheme with electric rival Tesla Inc TSLA.O to help it meet European emission rules and avoid fines.

- Kwasi Kwarteng, business secretary, on Tuesday set out a bill to revamp the way nuclear facilities are funded following the cancellation of recent projects, as ministers look to bring in new investors and shut out Chinese companies.

- Rishi Sunak, chancellor of the exchequer, will on Wednesday claim that he has successfully steered the economy through the COVID-19 crisis, in a Budget combining a new commitment to fiscal discipline with extra spending on key public services and measures to tackle the cost-of-living crisis. ($1 = 0.7272 pounds)

(Compiled by Bengaluru newsroom)

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.