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PRESS DIGEST-Financial Times - October 26

By Reuters News

Oct 26 (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

- Andy Burnham stokes Brexit debate ahead of UK-EU summit

- Britain will not join Canada-led defence bank

- Airbus to hold talks with BAE over role in GCAP fighter jet programme

-Audi to build $4bn US plant as it grapples with tariffs

Overview

- Andy Burnham has sparked a furious debate over Britain readopting EU free movement rules, but has rejected the idea that the UK could join the euro or the passport-free Schengen travel area.

- Britain has decided not to join a global defence bank spearheaded by Canada, as chancellor John Healey prepares to throw his weight behind a separate UK-led initiative to help fill a multi-billion hole in the UK defence budget.

- Airbus AIR.PA executives will meet counterparts from BAE Systems BAES.L to explore how the pan-European group could join the UK company's next-generation fighter jet programme, as it seeks to chart a new course for its military aircraft business.

- Audi is to invest $4 billion in building its first plant in the US as the Volkswagen Group VOWG.DE seeks relief from higher tariffs that have eroded its sales and profits.

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