Financial Times - Oct. 23
Oct 23 (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
- HSBC chief Georges Elhedery unveils sweeping overhaul of lender
- UK Water regulator signals further increase to bills in England
- Rheinmetall to make gun barrels in the UK as part of new defence pact
- UK water regulator could be scrapped in 'root and branch' review
- Donald Trump accuses UK Labour party of interference in White House race
Overview
-HSBC HSBA.L announced on Tuesday that the lender will reorganise its operations between east and west, as new chief executive Georges Elhedery seeks to cut costs and better navigate geopolitical tensions.
- Britain's water regulator Ofwat has signalled that it will allow water companies to hike bills further than initially proposed after the industry argued that it needed more money to invest in Britain's ailing infrastructure.
- German arms maker Rheinmetall RHMG.DE will produce gun barrels in the UK as part of a new defence pact between Berlin and London aimed at deepening military co-operation and bolstering support for Ukraine.
- British environment secretary Steve Reed said on Tuesday that the water regulator Ofwat could be overhauled or even replaced under a new commission chaired by former deputy governor of the Bank of England Sir Jon Cunliffe to protect consumer interests.
- U.S. Presidential candidate Donald Trump has filed a legal complaint against the UK's Labour party to the Federal Election Commission, alleging illegal campaign contributions and interference to help Kamala Harris in the US presidential election.
(Compiled by Bengaluru newsroom)
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