Financial Times - Oct 30
Oct 30(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
- Rolls-Royce sells stake in mini nuclear venture to Czech utility group
- HSBC chief says east-west division will not lead to 'any split'
- Vivendi activist urges shareholders to oppose break-up plan
- S&P downgrades Thames Water debt further into 'junk' territory
Overview
- Rolls-Royce RR.L has sold a 20% stake in its small nuclear reactor business to Czech electricity producer CEZ CEZP.PR
- HSBC HSBA.L CEO Georges Elhedery said that the plan to split its geographic footprint into East and West is not a step towards a formal split.
- Paris-based investment fund CIAM, which is a minority shareholder in Vivendi VIV.PA, has urged its fellow shareholders to vote against the proposal to split the French media conglomerate into three separate entities.
- Rating agency S&P cut the rating on UK's Thames Water further into "junk" territory after the utility provider reached a tentative deal with some creditors over 3 billion pounds of emergency financing that would rank ahead of existing debt.
(Compiled by Bengaluru newsroom)
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