PRESS DIGEST-Financial Times - October 15

By Reuters News

Oct 15 (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

- Airbus 'confident' of hitting aircraft delivery target


- Palantir drops legal case against Sadiq Khan over cancelled £50 million contract


- Netflix to cut 1,000 jobs as growth concerns mount


- Lufthansa wins battle to buy stake in Portugal’s TAP airline


Overview

- Airbus AIR.PA said it is on track to meet its target to deliver around 870 aircraft by the end of the year, as the world’s largest planemaker seeks to shrug off persistent supply chain constraints that have hampered output.


- Palantir PLTR.O has abandoned an effort to sue London mayor Lord Sadiq Khan over the blocking of a £50 million ($66.15 million) contract with the Metropolitan Police after his office agreed to clarify that the decision was not based on the US technology company’s "values or ethics".


- Netflix NFLX.O is cutting about 1,000 jobs, its largest layoff in four years, as the streaming group grapples with a declining share price and mounting pressure to boost engagement on its platform.


- Lufthansa LHAG.DE has agreed to buy a large minority stake in Portugal’s TAP airline after topping a bid from arch-rival Air France-KLM, in a deal that could be a precursor to the Portuguese government relinquishing ownership.


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