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Financial Times - Oct 24

The following are the leading stories in the Financial Times. Reuters has actually not validated these stories and does not guarantee their accuracy.

Headings

- Addison Lee to be bought by Singapore-listed group in 269 mln pounds deal

- UK ministers explore utilizing break stipulations in asylum real estate agreements

- Arm cancels Qualcomm's chip design licence amidst legal dispute

- UK competition regulator to probe investment barriers

- Intesa Sanpaolo unveils plans to cut 9000 tasks

Overview

- Addison Lee, the UK-based private-hire taxi and carrier business, has actually accepted be purchased by Singapore-listed transportation conglomerate ComfortDelGro in an offer valuing the organization at 269.1 million pounds ($ 347.68 million).

- Britain ministers are eager to renegotiate terms or end the contracts for asylum accommodation with outsourcers including Serco and Mears as personal companies made big earnings.

- SoftBank owned Arm has told US chipmaker Qualcomm it will cancel its chip style licence, raising the stakes in a copyright conflict set to go to trial in December.

- The Competition and Markets Authority, Britain's. competitors watchdog, has actually released a research study into barriers to. investment in the UK, consisting of how competition affects the. beauty of the UK as an investment destination.

- Intesa Sanpaolo, Italy's largest bank, revealed. intend on Wednesday to axe almost 10 per cent of its labor force as. it aims to decrease expenses and accelerate its digital. change.

(source: Reuters)