Financial Times - Sept. 23
Sept 23 (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
REA Group raises bid for UK rival Rightmove
UK pension fund Nest agrees tie-up to invest up to £1bn in build-to-rent
Rachel Reeves to rule out return to austerity after gloomy rhetoric draws criticism
Fidelity and Abrdn join new trade body for investment platforms
Overview
Australia's largest real estate listings company REA Group REA.AX, majority owned by Rupert Murdoch's News Corp NWSA.O, has launched a third bid for UK rival Rightmove RMV.L that values the British property listings company at 6.1 billion pounds ($8.12 billion).
The UK's state-backed pension scheme Nest has agreed a tie-up with insurer Legal & General and Dutch pension fund manager PGGM to invest up to 1 billion pound in build-to-rent properties.
UK chancellor Rachel Reeves will try to counter claims on Monday that she has been talking the economy down, telling the Labour party conference there will be "no return to austerity" and insisting her Budget will have "real ambition".
Fidelity and Abrdn ABDN.L have joined a new trade association to steer the 800 billion pound investment platform industry through increasing regulatory scrutiny and a UK government overhaul of the Isa market.
($1 = 0.7515 pounds)
(Compiled by Bengaluru newsroom)
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