PRESS DIGEST-Financial Times - Oct 25

Headlines - UniCredit to set aside 1.1 bln euros to avoid paying one-off windfall tax - Italian furniture group to buy UK sofa retailer ScS in 100 mln stg deal - Former Credit Suisse executive Francesca McDonagh to join fund group - Gunvor chief looks to keep control in family after end of Adnoc talks Overview - UniCredit said it would set aside 1.1 billion euros ($1.17 billion) as "non-distributable reserves" for 2024 instead of paying Italy's one-off bank windfall tax after parliament amended the levy to offer lenders an alternative to paying the tax on their net interest income.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- UniCredit to set aside 1.1 bln euros to avoid paying one-off windfall tax - Italian furniture group to buy UK sofa retailer ScS in 100 mln stg deal

- Former Credit Suisse executive Francesca McDonagh to join fund group - Gunvor chief looks to keep control in family after end of Adnoc talks Overview

- UniCredit said it would set aside 1.1 billion euros ($1.17 billion) as "non-distributable reserves" for 2024 instead of paying Italy's one-off bank windfall tax after parliament amended the levy to offer lenders an alternative to paying the tax on their net interest income. - Italian furniture group Poltronesofà said it will buy sofa and flooring retailer ScS for 100 million pounds ($121.64 million) as it enters the UK for the first time.

- Former Credit Suisse chief operating officer Francesca McDonagh has agreed to join a private equity-backed German fund group as chief executive officer. - Gunvor chief executive Torbjörn Törnqvist has said he wants to retain control of the business within his family following the breakdown of a potential deal with Abu Dhabi's state oil group that unravelled in March after disagreements over the size of the deal. ($1 = 0.9438 euros) ($1 = 0.8221 pounds) (Compiled by Bengaluru newsroom)

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