PRESS DIGEST- Financial Times - Nov 11

Reuters

Nov 11 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

Renault-Nissan admits it will miss 2016 electric car target

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BP in fresh attempt to curb oil spill payouts

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Banks consider trader chat rooms ban

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Co-op Group cuts Christmas payout for members

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Serco difficulties spark prospect of profit warning

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CIC and Blackstone near agreement on London business park

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Overview

Renault-Nissan would miss its target forglobal sales of electric cars, chief executive Carlos Ghosn saidin an interview, adding that the market is failing to live up tohis expectations.

BP Plc for the first time challenged directlypayments for losses not caused by its 2010 oil spill in the Gulfof Mexico basing its arguments on the issue of causation in afresh attempt to limit the cost of its compensation settlement,according to court documents filed by the company late lastweek.

JPMorgan Chase & Co is one of several banksconsidering banning traders from electronic chat rooms, whichface scrutiny from regulators as a platform exchange of marketinformation, as part of a probe into the foreign exchangemarket, according to people familiar with the matter.

Co-operative Group said it would scrap dividendpayments to its 7.6 million members as part of a review to helppay for a 1.5 billion pound ($2.4 billion) rescue of its bankingdivision.

Analysts are forecasting a profit warning from Serco GroupPlc this week as the outsourcing firm continues tograpple with problems with contracts for UK prisons andAustralian asylum centres.

China Investment Corporation is set to buy Chiswick Park, awest-London office development, from U.S. private equity groupBlackstone for about 800 million pounds ($1.3 billion),according to people familiar with the matter.

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