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PRESS DIGEST-Financial Times - October 9

ReutersOct 9, 2025 3:26 AM

- 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 offers $13.6 billion deal to delist local Hong Kong unit

- Glencore secures $394 million from Australia to keep copper smelter operational

- Peter Hargreaves to step down from Hargreaves Lansdown board

- Leonard Blavatnik injects another $587 million into DAZN as losses narrow

Overview

- HSBC HSBA.L has proposed a HK$106 billion ($13.62 billion) all-cash deal to delist and fully privatize its Hong Kong lender Hang Seng Bank, offering HK$155 per share at a 30% premium, as part of its restructuring plan.

- Glencore GLEN.L has secured a support package worth up to A$600 million ($395.9 million) from Australia's federal and Queensland governments to sustain operations at its Mount Isa copper smelter and Townsville copper refinery for three years.

- Peter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is stepping down as a board director of the DIY investment platform, with his son Robert taking his board position.

- Billionaire Leonard Blavatnik has invested an additional $587 million into his sports streaming platform DAZN, pushing his total investment to over $7 billion in less than a decade.

($1 = 7.7804 Hong Kong dollars)

($1 = 1.5154 Australian dollars)

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