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PRESS DIGEST- Financial Times - Feb 15
February 15, 2017 / 12:38 AM / 7 months ago

PRESS DIGEST- Financial Times - Feb 15

Feb 15 (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

TCI attempts to block 8.5 bln stg Safran takeover of Zodiac

on.ft.com/2kHDE5K

Peugeot in advanced talks to buy GM’s European businesses

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Rolls-Royce reports biggest loss with drop in every division

on.ft.com/2kHUnWd

Royal Bank of Scotland to launch direct lending service

on.ft.com/2kI3B59

Overview

One of Europe’s largest activist hedge funds, The Children’s Investment Fund, has launched a campaign to block Safran SA’s 8.5 billion pound takeover for its rival Zodiac Aerospace SA.

PSA Group, maker of Peugeot and Citroën cars, is in talks to acquire General Motors Co’s European business in a deal that would transform the region’s automotive market.

Rolls-Royce Holdings Plc reported a fall in underlying profits in every division in 2016, as it posted a 4.6 billion pound annual pre-tax loss, the largest in its history, due to a weaker pound and fines for bribery and corruption charges.

Royal Bank of Scotland Group Plc is to offer business loans within hours as part of a move to digitise the bank and bolster relations with small companies following alleged wrongdoing in its restructuring unit. (Compiled by Abinaya Vijayaraghavan in Bengaluru; Editing by Sandra Maler)

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