PRESS DIGEST- Financial Times - Nov. 1

Headlines - Blackstone sells stake in 4 bln euros Spanish hotel chain to GIC - Vodafone to sell Spanish business to Zegona for up to €5bn - Madrid considers Telefónica stake as Saudi group builds holding - IG Group to cut 10% of workforce Overview - Blackstone Group is selling a stake in Spanish hotel group Hotel Investment Partners to Singaporean sovereign wealth fund GIC.

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

- Blackstone sells stake in 4 bln euros Spanish hotel chain to GIC - Vodafone to sell Spanish business to Zegona for up to €5bn

- Madrid considers Telefónica stake as Saudi group builds holding - IG Group to cut 10% of workforce

Overview - Blackstone Group is selling a stake in Spanish hotel group Hotel Investment Partners to Singaporean sovereign wealth fund GIC. GIC will acquire a 35% stake in the company in a deal that values HIP at more than 4 billion euros ($4.23 billion).

- Vodafone has agreed to sell its Spanish business to Zegona Communications, a fund founded by two former Virgin Media executives for up to 5 billion euros. - The Spanish government is considering taking a stake in Telefónica, a move that would act as a counterweight to Saudi Arabia's STC Group, which has said it wants to acquire 9.9% of the company.

- Online trading provider IG Group is to cut 300 jobs or 10% of its global headcount as it looks to simply the business to support future growth. ($1 = 0.9460 euros) (Compiled by Bengaluru newsroom)

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