PRESS DIGEST- Financial Times - October 16

Oct 16 (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

- Reeves to encourage pension groups to team up in push for UK investment

- IMF urges UK to stick with two official economic forecasts every year

- Macquarie takes controlling stake in London City Airport

- London Capital & Finance administrators sue payments and custody provider

Overview

- British Finance Minister Rachel Reeves will launch an initiative next week with 20 of the UK's largest pension funds to encourage easier investment in Britain in a move to replicate Canada's so-called 'Maple 8' model.

- The IMF has urged Rachel Reeves to stick with two official economic forecasts every year, as the chancellor considers scrapping Britain's spring outlook in a bid to curb fiscal volatility.

- Macquarie Group's MQG.AX asset management arm will acquire an additional 50% stake in London City Airport, raising its total ownership to 75%.

- Administrators to London Capital & Finance are suing a payments and custody provider GC Partners, claiming that they failed to conduct adequate checks before the investment firm collapsed in one of the Britain's biggest financial scandals.