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PRESS DIGEST-Financial Times - February 4

ReutersFeb 4, 2026 2:58 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

- NHS drugs deal with US to cost 1 billion pounds over next three years

- Tribunal upholds UK regulator's decision to fine Banque Havilland

- Birmingham City Council says it is no longer 'bankrupt'

- French prosecutors raid Elon Musk's X offices in Paris

Overview

- A deal with the U.S. President Donald Trump's administration to pay more for new medicines will cost the health service in England an initial 1 billion pounds ($1.37 billion)over the first three years, the government has acknowledged.

- Luxembourg-based Banque Havilland on Tuesday lost an appeal against sanctions by Britain's financial watchdog over an alleged plot to devalue Qatar's currency, though a tribunal cut its fine to 4 million pounds ($5.48 million) from 10 million.

- Birmingham City Council says it is "no longer bankrupt", following years of budget cuts and asset sales in the UK's second-largest city.

- Elon Musk's X offices in Paris were raided by French and European investigators on Tuesday, and prosecutors also summoned Musk and former chief executive Linda Yaccarino for "voluntary interviews" in Paris in April.

($1 = 0.7298 pounds)

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