PRESS DIGEST-Financial Times - October 16

By Reuters News

Oct 16 (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

  • Healey signals tax raid on banks in UK Budget

  • Bankers and advisers set for £334mn easyJet payout

  • France and Germany to allow UK to join EU car policy if it aligns on China tariffs

  • Thames Water's senior creditors near deal with rivals to avoid court challenge

Overview

  • British finance minister John Healey signalled banks could face higher levies in the forthcoming UK Budget, pointing to looming fiscal decisions as the financial-services industry prepares for a potential increase in its tax burden

  • Bankers and advisers are set to collect £334 million ($443.38 million) in fees from Apollo's APO.N proposed £5.7 billion takeover of easyJet EZJ.L, making the transaction one of the City of London's most lucrative acquisitions this year

  • France and Germany are nearing an agreementthat would let Britain join an EU automotive subsidy and combustion-engine policy if London aligns with the bloc's tariffs on Chinese imports

  • Thames Water's senior creditors are nearing an agreementwith junior bondholders to avert a court challenge, offering them an equity stake intended to ease the path toward a takeover of the troubled British utility.

($1 = 0.7533 pounds)

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