Financial Times - Oct 9
Oct 9 (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
- Abu Dhabi writes off 9.9% stake in Thames Water
- ENRC drops media leaks lawsuit as SFO escapes paying damages
- Activist Elliott says its long-term view on Anglo American is 'very much intact'
- Europastry's 'frozen croissant' IPO delayed a second time
- Kering names former Louis Vuitton executive as Gucci CEO
Overview
- Abu Dhabi's sovereign wealth fund, one of the largest shareholders in Thames Water, has written off its nearly 9.9% stake in the troubled British utility.
- Britain's Serious Fraud Office has settled a lawsuit brought by Kazakh mining group ENRC, which accused the agency of leaking information about a corruption probe to journalists.
- Activist hedge fund Elliott said its long-term thesis on London-listed miner Anglo American AAL.L was "very interesting and very much intact", and equity partner Nabeel Bhanji said the hedge fund was in a "very good [and] constructive]" dialogue with Anglo's management.
- Spanish frozen bakery producer Europastry said it had cancelled its market debut expected later this week due to market instability.
- French luxury goods company Kering PRTP.PA has named Stefano Cantino, a former executive at Louis Vuitton as CEO of its label Gucci, adding that he would succeed Jean-Francois Palus in January.
(Compiled by Bengaluru newsroom)
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