April 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
- Legal & General moves into UK affordable housing business on.ft.com/2HupynJ
- Takeover Panel appoints Simon Lindsay as next director-general on.ft.com/2Hvag1Y
- UK rail franchise system ‘broken,’ says spending watchdog on.ft.com/2r2GVke
- Activist fund Elliott buys British bookstore Waterstones on.ft.com/2r42Ebp
- UK insurer Legal & General Group Plc launched its affordable housing business, Legal & General Capital, which will develop and buy homes and also manage properties for “affordable” rent built by other developers.
_ UK takeover regulator appointed Citigroup Inc’s current head of UK M&A, Simon Lindsay, as its next director-general.
- UK’s public accounts committee criticised the Department for Transport’s “completely inadequate” management of two important franchises, and also criticised Network Rail, Govia Thameslink and Virgin Trains East Coast.
- Elliott Advisors, the UK arm of Paul Singer’s fund, bought a controlling stake in British high street stalwart Waterstones, raising the possibility of another private sale or a stock market flotation in the medium term. (Compiled by Bengaluru newsroom)