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PRESS DIGEST- Financial Times - Sept 11
September 10, 2017 / 11:51 PM / in 3 months

PRESS DIGEST- Financial Times - Sept 11

Sept 11 (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

Chief executive of Israel supermarket chain arrested

(on.ft.com/2vOdwLQ)

Goldman Sachs to take on UK retail banks

(on.ft.com/2vOJYxI)

Shell strikes Nigerian gas deal

(on.ft.com/2vOcdMZ)

Noble shortlists bidders for $1 bln oil business

(on.ft.com/2vOIKTe)

Overview

Rami Levy, chief executive of Israel’s largest supermarket chain Rami Levy Hashikma Marketing, along with a local politician, a businessman and a reporter were detained on Sunday for questioning over alleged fraud and breach of trust involving the owners of a shopping mall and the local municipality.

Goldman Sachs Group Inc is looking to expand its retail banking business to the UK by aiming to launch an online deposit business next year. Stephen Scherr, the head of strategy, said the bank could look to add a consumer-lending arm in the UK over time, taking on the likes of Zopa, RateSetter and Funding Circle.

Royal Dutch Shell Plc’s Nigerian business has signed a $300 million deal with local Shoreline Energy to develop, market and distribute natural gas around Lagos.

Commodity trader Noble Group Ltd has shortlisted Vitol and Mercuria to buy the company’s $1 billion oil business, as it scrambles to pay down debt to avoid bankruptcy. The shortlisted bidders have been asked to submit their formal offers before the end of the month. (Compiled by Bengaluru newsroom; Editing by Andrew Hay)

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