PRESS DIGEST- Financial Times - Oct. 16
Oct 15 (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
- Santander prepares $250 mln expansion of investment bank
- Merck to open 1 bln pound London research centre with plea for government support of industry
- Activist Oasis stands to net 40 mln pound profit from Wagamama owner sale
- French IT services group Atos to replace Meunier as chair
Overview
- Spain's Santander has set aside $250 million to charge the expansion of its corporate and investment bank over the next two years.
- Merck's research chief Dean Li has called on the British government to make the country more welcoming to pharma companies, ahead of the US-based drugmaker breaking ground on a 1 billion pound ($1.22 billion) research centre in London next week.
- Oasis Management that waged an activist campaign pushing for a shake-up at Wagamama owner The Restaurant Group stands to net 40 million pounds in profit from its position after private equity giant Apollo Global made a surprise bid for the restaurant operator.
- The chair of French IT firm Atos Bertrand Meunier is set to step down, throwing the restructuring and asset sale plan he had championed into uncertainty.
($1 = 0.8228 pounds) (Compiled by Bengaluru newsroom)
