PRESS DIGEST- Financial Times - Oct 10

Reuters·10/10/2024 04:26:29

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Oct 10 (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

- HSBC targets senior bankers in cost-cutting plan

- UK ministers fire starting gun on landmark worker rights reform

- GSK reaches $2.2 bln Zantac settlement in US

- Bernard Arnault partners with Red Bull to buy Paris FC in latest move into sport

Overview

- HSBC HSBA.L CEO Georges Elhedery plans to target the bank's senior bankers in a cost-cutting plan that aims to save as much as $300 million.

- Britain's Labour government has set out plans for a sweeping package of new workers' rights, including plans to end zero-hour contracts and strengthen sick pay, in the biggest change to employment law in a generation.

- GSK GSK.L has agreed to pay up to $2.2 billion to settle most lawsuits in U.S. state courts claiming that a discontinued version of the heartburn drug Zantac caused cancer.

- Paris FC, the capital's second-tier soccer club, is in the process of being sold off to the Arnault family -whose head Bernard Arnault is the billionaire behind LVMH LVMH.PA- and to the energy drinks company Red Bull.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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