PRESS DIGEST-Financial Times - Nov 25
25 Nov 2020 / 08:42 H.
Nov 25 (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
- Scramble to secure PPE cost UK taxpayer extra 10 bln pounds https://on.ft.com/33fC9DZ
- Christmas 'bubbles' will allow 3 UK households to mix over holiday https://on.ft.com/33aoCxx
- AA agrees sale to private equity groups https://on.ft.com/379lB1L
- Bertelsmann leads the race to acquire Simon & Schuster https://on.ft.com/33dHyLP
Overview
- The National Audit Office found that UK government's belated efforts to secure personal protective equipment for health workers during the Covid-19 pandemic led to huge extra costs to the taxpayer.
- UK government said on Tuesday that three households from across the UK will be able to form a "Christmas bubble" over the five days between December 23 and December 27.
- British roadside recovery company AA Plc has agreed to be acquired by private equity groups Warburg Pincus International and TowerBrook Capital Partners.
- German media group Bertelsmann made the highest bid in an auction for Simon & Schuster, the publishing unit of ViacomCBS Inc.
(Compiled by Bengaluru newsroom)
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