Financial Times - Oct 16

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports.

Headlines

BBC cuts 155 jobs from its news operation

Woodside Energy, a company from Australia, will be delisted from the London Stock Exchange

Moody's warns that UK water companies will struggle to raise capital without increasing bills

The UK will raise the threshold for bank ring fencing to "improve competition"

View the full article

BBC, the British broadcaster, has announced plans for 155 job cuts across its news operations. This is part of a larger cost-cutting plan worth 700 million pounds (915 million dollars).

Woodside Energy, an Australian oil and natural gas company, announced on Wednesday that it will delist next month from the London Stock Exchange in order to cut down the administration costs of the business.

Ratings agency Moody's warned that UK water companies may struggle to raise capital by 2030, unless the regulator Ofwat accepts a significant increase in bills.

($1 = 0.7649 pounds) (Compiled by Bengaluru newsroom) - The British Government will increase its bank ring fencing threshold by 10 billion pounds. This will allow lenders to collect 35 billion pounds of customer deposits before having to separate their investment banking division and retail operations. ($1 = 0.7649 pound) (Compiled from Bengaluru Newsroom)

(source: Reuters)