July 26 (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
- Apollo strikes 2.7 bln pound deal for UK parcel group Evri
- Reeves set to disclose 20 bln pound shortfall in government funding plans
- Coinbase fined 3.5 mln pounds by UK regulator over 'high-risk' customers
- THG orders staff back to the office as it announces fresh job cuts
- Revolut secures UK banking licence after three-year battle
Overview
- Private equity investor Advent International agreed to sell UK parcel delivery firm Evri to funds managed by affiliates of Apollo, for roughly 2.7 billion pounds ($3.47 billion).
- British Finance Minister Rachel Reeves is expected to reveal a near 20 billion pound ($25.72 billion) hole in the public finances as the government accuses the Tories of what it says is a "failure" to properly run the government finances.
- Crypto exchange Coinbase has been fined 3.5 million pounds by the UK's financial watchdog for providing payment services to more than 13,000 "high-risk" customers, in the first enforcement action by the regulator against a company that enables cryptocurrency trading.
- British e-commerce firm THG is set to cut 171 jobs across various divisions and has insisted that people return to the office five days a week.
- Financial technology firm Revolut has received a UK banking licence with some restrictions, it said on Thursday, ending a three-year wait for the authorisation and removing regulatory uncertainty that had held back its ambitions in Britain.
($1 = 0.7777 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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