PRESS DIGEST- Financial Times - Jan. 10
Jan 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Barclays and Santander announce cuts to UK mortgage rates
- Spanish healthcare group Grifols plunges 40% after fraud allegation
- US developer scraps plans for London Sphere
- Asda's private equity owners grilled over debt and worker conditions
- Former Post Office chief Paula Vennells hands back CBE
- Bitcoin swings sharply after false claim that SEC approved ETFs
Overview
Barclays and Santander have announced cuts to their mortgage rates, adding to momentum for cheaper UK home loan deals after HSBC and Halifax reduced rates last week.
- Grifols, Spain's most successful global healthcare group, has been rocked by fraud allegations from a UK-based short seller that sent its share price plunging by more than 40 per cent and wiped billions off its market value.
- Madison Square Garden Entertainment, the US developer behind a Las Vegas-style Sphere in London's former Olympic Park has withdrawn its plans after the UK capital's mayor decided to block the music venue.
- TDR Capital, the private equity owner of UK supermarket chain Asda defended its controversial buyout of the business, as it faced a grilling from politicians.
- The Post Office's former chief executive Paula Vennells will hand back her CBE after the UK prime minister backed calls for a review into whether she should be stripped of her honour.
- Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission's official X account claimed the regulator had approved the first ever US spot bitcoin exchange traded funds.
(Compiled by Bengaluru newsroom)
