PRESS DIGEST-Financial Times - Sept 23


Reuters | Updated: 23-09-2022 07:14 IST | Created: 23-09-2022 07:14 IST
PRESS DIGEST-Financial Times - Sept 23

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines - Made.com to cut over 30% of workforce https://on.ft.com/3r5IFZi

- Jupiter in talks to sell stake in UK digital bank Starling https://on.ft.com/3DNk6rY - Bank of England raises interest rates by 0.5% points https://on.ft.com/3dyIR08

- Polymetal cancels full-year 2021 dividend https://on.ft.com/3Svi8k9 - UK announces 500 mln stg social care funds to help NHS https://on.ft.com/3fdmu0Q

Overview - British online furniture retailer Made.com plans to let go of more than a third of its workforce as it looks to raise money or find a buyer in the current market conditions, the company said in an email to staff.

- Jupiter Fund Management Plc is in early talks to sell its stake in UK digital bank Starling at a discount according to people familiar with the matter. - The Bank of England lifted interest rates by 0.5% points to 2.25%, UK's highest since 2008 on Thursday as central banks around the world seek to tackle inflation.

- London-listed Polymetal International Plc said on Thursday that it had decided to cancel its final dividend for 2021 on lower cash flows. - The British government on Thursday announced a 500 million pound ($562.80 million) fund in a bid to boost the National Health Service that has been under strain due to the pandemic creating staffing shortages and huge number of patients waiting to start routine treatments.

($1 = 0.8884 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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