PRESS DIGEST- Financial Times - Jan 30

Reuters
01-30
PRESS DIGEST- Financial Times - Jan 30

Jan 30 (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

-Harland & Wolff's new owner pledges $124.50 mln to revive British shipbuilder

-British car parts group Dowlais agrees $1.49 bln U.S. takeover

-Lloyds Bank to shut another 136 branches across Britain

Overview

-Harland & Wolff's new Spanish owner, Navantia, will invest 100 million pounds ($124.50 million) to reactivate the British shipbuilder and deliver a key Royal Navy contract while pushing for new orders that will "determine the future of the company".

-Dowlais DWL.L, the former automotive division of GKN, has agreed to be acquired by American Axle & Manufacturing AXL.N in a cash-and-shares deal valuing it at about 1.16 billion pounds ($1.44 billion) as the two groups seek scale to survive the transition to electric vehicles.

-Lloyds Banking Group LLOY.L will close 136 branches across Britain as it seeks to adapt to customers' shift to digital banking, the high-street lender announced on Wednesday.

($1 = 0.8032 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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