PRESS DIGEST- Financial Times - April 15
April 15 (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
- UK digital bank Zopa turns a profit as it eyes an IPO
- UK home insurers hit by surge in weather damage claims
- Britain's Treasury urged to reverse end of stamp-duty relief for multiple dwellings
- Proxy advisers inflict 'serious harm' to UK, says AstraZeneca chair
Overview
- SoftBank-backed UK digital bank Zopa has swung to profitability, taking the fintech group a step closer to an anticipated public listing.
- A succession of severe storms last year left UK home insurers on the hook for 573 million pounds ($713.96 million) in weather damage, the highest since the data began to be tracked seven years ago.
- Real estate groups are lobbying the Treasury to row back on changes to property taxation in England that would see investors in rental housing pay more tax on deals.
- AstraZeneca's chair has hit out at proxy advisers for "double standards" that "do serious harm" to the competitiveness of UK companies, after more than a third of the company's shareholders voted against a potential 1.8 million pounds ($2.24 million) pay rise for chief executive Pascal Soriot. ($1 = 0.8026 pounds) (Compiled by Bengaluru newsroom)