PRESS DIGEST- Financial Times - Nov. 4
- BP Plc is close to selling its central London headquarters for about 250 million pounds ($326.35 million) to Lifestyle International Holdings, as the pandemic has forced the company to cut costs. - China suspended Ant Group's $37 billion listing, which was set to be the world's largest IPO, a day after meeting with Jack Ma, who founded the company.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
- National Grid issues second warning on stretched electricity supplies https://on.ft.com/3kWo8Sx - Crispin Odey steps down from helm of Odey Asset Management https://on.ft.com/2HZ79jO
- BP closes in on sale of London HQ https://on.ft.com/2TXn84t - China halts $37bn Ant Group IPO, citing 'major issues' https://on.ft.com/3k3BICt
Overview - National Grid Plc has issued a second warning in three weeks about supplies of electricity in Britain being stretched as fewer-than-expected power generators will be available at peak times, while also forecasting low output from renewable sources such as wind.
- Crispin Odey, one of Britain's highest-profile hedge fund managers, will step back from running his London-based hedge fund firm that he founded about three decades ago. - BP Plc is close to selling its central London headquarters for about 250 million pounds ($326.35 million) to Lifestyle International Holdings, as the pandemic has forced the company to cut costs.
- China suspended Ant Group's $37 billion listing, which was set to be the world's largest IPO, a day after meeting with Jack Ma, who founded the company. ($1 = 0.7660 pounds) (Compiled by Bengaluru newsroom)
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