Sellafield Breach, Revolut Valuation Soar, KPMG Cuts Jobs

Top Financial Times stories feature Sellafield nuclear site pleading guilty to IT security breaches, KPMG cutting 200 UK jobs amid market slowdown, and Revolut seeking a valuation of over $40 billion. Additionally, Royal Mail faces a new legal claim over bulk delivery services as it prepares for a takeover.

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

- Sellafield nuclear waste site pleads guilty to IT security breaches - KPMG to cut further 200 UK jobs amid market slowdown

- Revolut seeks valuation of more than $40 bln in employee share sale - Royal Mail faces fresh legal claim over bulk delivery service

Overview - The state-owned operator of the UK's largest nuclear waste site, Sellafield has pleaded guilty to criminal charges brought by the industry regulator over IT security breaches.

- KPMG is cutting a further 200 jobs in the UK as the Big Four firm faces a prolonged slowdown in demand for some services and a drop in the number of staff quitting. - UK fintech Revolut is targeting a valuation exceeding $40 bln in a share sale. The SoftBank-backed company is working with Morgan Stanley to sell about $500 million worth of existing shares, including those held by employees.

- The owner of Royal Mail faces a new claim for 878 million pounds ($1.11 billion) in damages over its delivery operations, adding to the former state-owned postal group's legal woes as it prepares for a takeover by Czech billionaire Daniel Křetínský. ($1 = 0.7901 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)