PRESS DIGEST-Financial Times - Jan 10
Jan 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headline
- Nathaniel Rothschild files lawsuit against Lars Windhorst
- General Atlantic-backed biotech start-up secures $410mn in initial funding round
- BlackRock quits climate change group in latest green climbdown
- UK government seeks to soothe bond market nerves after borrowing costs soar
Overview
- British financier Nathaniel Rothschild has filed a lawsuit against Lars Windhorst in London's High Court, within six months of the banking dynasty scion agreeing to become chair of the German entrepreneur's investment firm.
- UK-based Verdiva Bio has raised over $410 million in one of the largest initial funding rounds in the biotech sector, aiming to develop drugs discovered in China to compete with Eli Lilly LLY.N and Novo Nordisk NOVOb.CO in the growing obesity market.
- BlackRock BLK.N has exited the global voluntary climate change group Net Zero Asset Managers, in the wake of Donald Trump's election as US president and heightened regulatory scrutiny.
- The British government pledged to adhere to its fiscal rules on Thursday in an effort to calm turmoil in UK bond markets, as borrowing costs surged to their highest levels since the financial crisis.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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