Financial Times - Sept. 6
Sept 6 (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
- Telegram's Pavel Durov criticises French authorities' 'misguided approach' over his arrest
- Court puts block on sale of Raiffeisen bank's Russian arm
- Unilever agrees sale of Russia business to Arnest
- Thames Water creditors examine cash injection to avoid nationalisation
- UK needs capital market revamp to attract £1tn of investment, says Wilson report
- EU air safety regulator orders one-off inspections of some Airbus A350s
Overview
- Telegram chief executive Pavel Durov in a long post on the site on Thursday said he was surprised by the decision to pursue him instead of starting legal proceedings against the company itself.
- A Russian court has blocked any potential sale of Raiffeisen Bank International's RBIV.VI subsidiary in Russia, a move that traps the largest western lender still operating inside the country.
- Unilever ULVR.L is set to sell its Russian assets to the Arnest chemical group owned by businessman Alexey Sagal.
- Thames Water's lenders are drawing up contingency plans to provide fresh funding to the struggling utility through a restructuring of its 18 billion pounds ($23.72 billion) debt pile, in order to prevent Britain's largest water provider being renationalised if its crucial equity raise fails.
- The UK needs to overhaul its capital markets in order to attract 1 trillion pounds of investment in the next decade to fund housebuilding, infrastructure and start-ups, according to a long-awaited report by City grandee Nigel Wilson.
- Europe's aviation safety regulator has said it will require one-off inspections of some engines on Airbus AIR.PA A350 long-haul aircraft after a Cathay Pacific 0293.HK plane experienced problems mid-flight this week.
($1 = 0.7588 pounds)
(Compiled by Bengaluru newsroom)
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