Blackstone’s 'Final' Offer, Labour’s Betting Scandal, and Arnault’s Strategic Stake

Blackstone makes a final offer for Hipgnosis Songs Fund to avoid hedge fund agitation. Labour suspends Kevin Craig amidst betting scandal. Dominic Chappell ordered to repay £50 million over BHS collapse. Bernard Arnault buys shares in Richemont. These stories are part of Financial Times' top headlines.

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 switches to 'best and final' offer for Hipgnosis Songs Fund - UK election betting scandal deepens as Labour suspends candidate

- Chappell must repay at least 50 mln pounds over BHS collapse - LVMH's Bernard Arnault emerges as personal stakeholder in Richemont

Overview - Blackstone has made a "best and final" offer for Hipgnosis Songs Fund as it seeks to forestall any attempt to agitate for a higher price by hedge funds that have built a large stake in the UK-listed music rights owner.

- Britain's main opposition Labour suspended Kevin Craig, its candidate for Central Suffolk and North Ipswich, after he wagered he would lose his bid to become an MP and became the subject of a probe into election betting by the Gambling Commission. - Dominic Chappell must pay at least 50 million pounds ($63.39 million) to cover losses racked up by BHS before the department store's collapse, after a judge found that its former head sought to "plunder" the UK retailer.

- Bernard Arnault, the billionaire founder of luxury goods group LVMH, has bought shares in Richemont, the rival Swiss-based conglomerate behind high-end jeweller Cartier. ($1 = 0.7888 pounds) (Compiled by Bengaluru newsroom)