PRESS DIGEST-Financial Times - May 11
Goldman Sachs Group, Inc. GS | 0.00 |
May 11 (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
- UK government unit targets 99 billion pounds of investment from Australian pension funds
- Tank maker KNDS pushes Berlin to decide on taking stake before IPO
- European carmakers take 8 billion-euro hit from Trump tariffs
- Goldman-backed Lendable plots US expansion after outpacing banks on loans
Overview
- The UK government announced a plan to target 99 billion pounds ($134.54 billion) of overseas pension investment into key UK projects by 2035, through a new "Supers Unit", led by the Office for Investment, that aims to boost collaboration and streamline investment from Australian pension funds.
- Franco-German tank maker KNDS has urged the German government to decide on plans to purchase a stake in the business, warning it would press ahead with a planned stock market listing before the summer, even if no agreement is struck.
- European carmakers have been hit with more than 8 billion euros ($9.41 billion) in tariff costs in the year since U.S. President Donald Trump increased import duties.
- Lendable, a 3.5 billion-pound British fintech backed by Goldman Sachs GS.N, is plotting a major U.S. expansion after doubling profits last year by providing more new personal loans than any other UK bank.
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