Press Digest: Financial Times - November 4

Oersted A/S

04/11/2025 02:59

Nov 4 (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

- Starmer fuels expectations of income tax rise in the Budget

- Orsted to sell half of world's largest offshore wind farm to Apollo in $6.5bn deal

- Pfizer files second lawsuit to block Novo Nordisk's $9bn Metsera bid

- AstraZeneca wins shareholder approval for New York listing

Overview

- British Prime Minister Keir Starmer has put Labour MPs on alert for hefty tax rises in this month's Budget — including a possible income tax increase — as he promised to reduce Britain's national debt but ruled out deep cuts to public spending.

- Denmark's Orsted ORSTED.CO has agreed to sell half of the world's largest offshore wind farm to Apollo APO.N in a $6.5bn deal, marking a big step forward for the renewable energy developer as it battles rising costs and political challenges.

- Pfizer PFE.N has filed a second lawsuit against Novo Nordisk NOVOb.CO and obesity drug start-up Metsera MTSR.O, redoubling its fight to stop Novo's bid for the biotech by alleging the deal would violate competition laws in the weight-loss drugs market.

- AstraZeneca AZN.L has won a shareholder vote approving plans for the FTSE 100's largest company to elevate its New York listing, in a blow to the London market.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))