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PRESS DIGEST- Financial Times - Jan. 7

ReutersJan 7, 2025 3:27 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

- Bet365 boss Denise Coates' pay nearly halved to 150 mln stg last year

- Shawbrook owners target 2 bln stg valuation as they weigh sale or IPO

- UK high-speed rail line told to cut charges

- Nippon Steel and US Steel sue after Joe Biden blocks $15 bln deal

Overview

- British gambling firm Bet365's boss Denise Coates saw her annual payout from the family's gambling empire nearly halved to 150 million pounds ($187.80 million) last year, yet she remains one of the UK's wealthiest executives.

- UK-based Shawbrook's IPO-SHAW.L private equity owners are considering a sale of the lender or a London listing at a target valuation of 2 billion pounds, signaling a rare positive development for the UK capital after a challenging year for its main stock market.

- HS1 Ltd, the owner of Britain's only high-speed railway, has been told to lower the charges that train operators including Eurostar pay to use the line linking London to the Channel Tunnel.

- Nippon Steel 5401.T and U.S. Steel X.N have filed two lawsuits in the US alleging "wrongful interference" after President Joe Biden blocked the proposed $15 billion acquisition of U.S. Steel days earlier.

($1 = 0.7987 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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