Financial Times - Nov 28
Nov 28 (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
- UK car insurer Direct Line rejects £3.3bn takeover offer by Aviva
- Mauritius raises concerns about UK plan to cede sovereignty over Chagos Islands
- UK watchdog fines former Wizz Air executive for secret share trading
- Michael Ellam tapped up to be UK's next 'EU sherpa'
Overview
- UK car insurance company Direct Line DLGD.L has rejected a takeover approach from Aviva AV.L, saying the cash and shares offer was "highly opportunistic" and "substantially" undervalued the business.
- The new government of Mauritius has raised concerns about UK's plans to secure a key US military base after giving up sovereignty of the Chagos Islands.
- Wizz Air's WIZZ.L former supply chain manager Andras Sebok has been fined by UK financial watchdog Financial Conduct Authority (FCA) for failing to properly disclose 115 personal trades in shares of the low-cost airline worth more than 4 million pounds ($5 million), many of which were done at prohibited times.
- Michael Ellam, a former UK Treasury official who left the civil service in 2013 to join HSBC HSBA.L bank where he is a senior executive, has been tapped for the role of "EU sherpa" to lead the UK government's reset talks with Brussels.
($1 = 0.7896 pounds)
(Compiled by Bengaluru newsroom)
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