PRESS DIGEST- Financial Times - April 22
April 22 (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
- Nomura to buy Macquarie's US and European asset management units for $1.8 bln
- Britain to boost explosives production to cut reliance on imports
- Fall in UK company pension contributions sparks calls for review
Overview
- Japanese investment bank Nomura 8604.T will acquire Macquarie Group's MQG.AX public asset management operations in the United States and Europe for $1.8 billion.
- Britain is to expand production of explosives as the government seeks to strengthen its defence resilience and reduce the country's reliance on imports, including from the U.S.
- Company payments into UK staff pensions have fallen 16% over the past three years, or 30% after adjusting for inflation, prompting worries about whether businesses are doing enough to support employee retirement.
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