Financial Times - Jan 30
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy.
Headlines
-Harland & Wolff’s new owner pledges 124.50 mln dollars to revive the British shipbuilder
-British car parts group Dowlais agrees $1.49 bln U.S. takeover
Lloyds Bank will close 136 more branches in Britain
View the full article
-Harland & Wolff’s new Spanish owner Navantia will invest 100 millions pounds ($124.50) to reactivate and a deliver a critical Royal Navy contract, while pushing for orders that "determine the fate of the company".
-Dowlais is the former automotive division for GKN. It has agreed to be purchased by American Axle & Manufacturing as part of a cash and shares deal valued at approximately 1.16 billion pounds (1.44 billion dollars) in order to achieve scale so that the two companies can survive the transition to the electric vehicle.
The high-street lender, Lloyds Banking Group, announced Wednesday that it will close 136 branches in Britain to adapt to the shift of customers to digital banking. ($1 = 0.8032 pound) (Compiled from Bengaluru Newsroom)
(source: Reuters)