PRESS DIGEST-Financial Times – July 29

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July 29 (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

– Rio Tinto in talks with SFO over bribery probe deal https://on.ft.com/312suPo

– TransferWise valued at $5bn in secondary share sale https://on.ft.com/3jQXFWr

– Moderna pitches virus vaccine at about $50-$60 per course https://on.ft.com/2BExd0X

– Hut Group appoints banks for possible IPO https://on.ft.com/3f84Shb

Overview

– Rio Tinto Plc is in talks with the UK’s Serious Fraud Office seeking a deferred prosecution agreement over a payment it made to a consultant working on a contentious iron ore deposit in Guinea.

– Cross-border payments group TransferWise said the company has sold $319 million worth of shares in a secondary share sale that values the London-based money transfer company at $5 billion.

– Moderna Inc is planning to price its coronavirus vaccine at $50 to $60 per course, higher than other vaccine makers have agreed to charge governments, according to people familiar with talks between the company and potential buyers.

– British online health and beauty retailer Hut Group which is valued at more than 4 billion pounds ($5.17 billion) has appointed a slate of investment banks ahead of a possible IPO this year, according to two people familiar with the process.

($1 = 0.7737 pounds)

(Compiled by Bengaluru newsroom)

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