PRESS DIGEST-Financial Times - June 5
June 5 (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
- UK to unveil pension reform aimed at boosting retirement savings
- Thames Water faces weeks of uncertainty as watchdog reviews 4 billion stg creditor plan
- Glencore-backed Cobalt Holdings scraps planned London listing
- EU urges China to loosen rare earth curbs as carmakers near crisis point
Overview
- Britain will unveil a sweeping overhaul of Britain's pensions system on Thursday aimed at unpicking problems created by previous rules and boosting the retirement savings of millions of people.
- Thames Water faces a summer of uncertainty as regulator Ofwat deliberates on a backup plan by the utility's senior creditors to provide fresh equity of nearly 4 billion pounds to rescue the utility.
- Metals investor Cobalt Holdings said on Wednesday it would not proceed with its planned initial public offering on the London Stock Exchange, ending hopes for what could have been the largest listing in the UK capital since early 2024.
- The EU is pressing China to loosen restrictions on exports of rare earths because of an "alarming situation" for the bloc's car industry, with production lines in danger of grinding to a halt.
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