PRESS DIGEST- Financial Times - May 19
May 19 (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
- Legal & General acquires real estate investor in private assets push
- Starmer closes in on EU food trade deal in run-up to key summit
- UK to regulate 'buy now, pay later' lenders in legal overhaul
- UK steps up efforts to woo scientists fleeing the US
Overview
- British finance company Legal & General LGEN.L, which manages 1.1 trillion pounds in assets, has taken a 75% stake in Proprium Capital Partners, a $3.5 billion global real estate private equity group.
- Lenders, such as Klarna and Clearpay, that specialise in "buy now, pay later" services will have to abide by the same rules as mainstream banks under a legislation that will result in them being fully regulated by Britain's Financial Conduct Authority.
- British Prime Minister Keir Starmer will on Monday aim to strike a deal with the EU that breaks down barriers to trade in food, but it is expected to mean that Britain will have to accept EU rules.
- British scientific institutions are stepping up investment plans in the face of cuts on research by Donald Trump's administration, unveiling 10-year official funding guarantees and fellowships open to experts leaving the US.
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