PRESS DIGEST-Financial Times - Nov 14
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
- General Atlantic takes controlling stake in Joe & the Juice - London Spac ditches attempt to raise funds for insurance deal
- British Land rebuffed Meta's alternative tenant for London office - German car parts supplier Continental to cut thousands of jobs
Overview U.S. private-equity firm General Atlantic is to take a controlling stake in Danish sandwich chain Joe & the Juice, increasing its interest to as much as 90%, valuing the company at about $600 million.
Financials Acquisition Corp, a blank-cheque company, has abandoned an attempt to raise up to 300 million pounds ($368.37 million) from London stock market investors for a new insurance venture it planned to pursue by combining with London Innovation Underwriters. British Land rebuffed an alternative tenant to replace Meta on a major London office lease in favour of trying to re-let the space near Regent's Park itself at higher rents.
German car parts supplier Continental has announced thousands of job cuts in its automotive division which employs 100,000 people. ($1 = 0.8144 pounds)
($1 = 0.9347 euros) (Compiled by Bengaluru newsroom)
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