Financial Times - Oct 31
Oct 31 (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
- Siemens to buy simulation software group Altair for $10.6 bln
- Authorities investigate fire at UK nuclear submarine shipyard
- Ikea to pay 6 mln euros to compensate for forced labour by ex-prisoners in East Germany
- Harvey Schwartz and Peter Mandelson quit Bank of London board
- AstraZeneca China president under investigation by Chinese authorities
Overview
- Siemens SIEGn.DE will buy Altair Engineering ALTR.O for $10.6 billion, as the German company seeks to strengthen its presence in the fast-growing industrial software market.
- Authorities are investigating the cause of a huge blaze that broke out in the early hours at a BAE Systems BAES.L shipyard in north west England that builds Britain's nuclear submarines.
- Swedish furniture retailer IKEA has agreed to pay 6 million euros ($6.51 million) to compensate former prisoners in East Germany who were forced to work producing its furniture.
- Bank of London announced that deputy chairman Peter Mandelson and chairman Harvey Schwartz are leaving the board of the fintech company.
- AstraZeneca's AZN.L China president, Leon Wang, is under investigation and is cooperating with Chinese authorities, the company said.
($1 = 0.9218 euros)
(Compiled by Bengaluru newsroom)
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