PRESS DIGEST-Financial Times - June 4

Palantir

Palantir

PLTR

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- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- UK Treasury set to take control of fighter jet spending after defence ministry mishaps

- UK government adviser urges clarity on Palantir access to NHS patient data

- Partners Group limits withdrawals at private equity fund for wealthy individuals

- Nissan signs deal with China’s Chery for Sunderland car production

Overview

- The UK Treasury is preparing to seize control from the Ministry of Defence of spending on a multibillion-pound fighter jet programme in an effort to ensure that the UK’s planned increase in military expenditure avoids a repeat of past cost overruns.

- UK’s independent adviser on health data use has asked NHS officials to explain why they did not disclose that staff from companies including Palantir PLTR.O would have “unlimited access” to identifiable patient information.

- Swiss-based Partners Group PGHN.S has capped withdrawals at its flagship private equity fund for wealthy individuals, reigniting investor worries about the risks of popular alternative investments and spurring a broad retreat in the shares of global asset managers.

- Japan's Nissan 7201.T has signed a deal with Chinese automobile manufacturer Chery 9973.HK to manufacture the latter's UK passenger vehicles at its Sunderland facility in Britain.