Financial Times - Oct 25
Oct 25 (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
- Jupiter vetoes handing fund to star manager Ben Whitmore
- Disposable vapes to be banned in England and Wales
- Aware Super and Delancey to invest up to 1 bln pounds in London's office sector
- Rachel Reeves confirms change to UK fiscal rules to help fund 20 bln pounds of annual investment
Overview
- The FTSE 250 asset manager, Jupiter fund group JUP.L, will retain 616 million pounds ($798.8 million) run by its outgoing equity manager Ben Whitmore after debating whether to let him manage the money from his new venture.
- The UK government on Thursday introduced legislation in parliament to ban disposable vapes in England and Wales from next summer as part of a drive to protect children's health.
- One of Australia's largest pension funds, Aware Super, alongside UK property group Delancey, plans to invest up to 1 billion pounds ($1.3 billion) in offices across London, marking a vote of confidence in a sector hit by high interest rates.
- British Chancellor Rachel Reeves has confirmed she will change the UK's fiscal rules in her budget next week as she seeks to fund about 20 billion pounds ($25.94 billion) a year of extra investment with increased borrowing.
($1 = 0.7711 pounds)
(Compiled by Bengaluru newsroom)
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