June 13 (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
- KPMG fined for breaching audit independence rules
- Poundland sold for less than a pound
- Chinese carmaker Xpeng develops advanced chips for VW cars
- NHS England develops new private finance model to fund capital projects
Overview
- UK's accounting regulator has fined KPMG 690,000 pounds ($935,847) for relying on another firm's work during its audit of agriculture and engineering group Carr's, in breach of rules on auditor independence.
- UK discount retailer Poundland has been sold for less than £1 to Gordon Brothers, an investor that specialises in acquiring distressed assets, after a series of costly mis-steps by its Warsaw-listed parent.
- Chinese carmaker Xpeng 9868.HK says it has developed chips for autonomous driving that are more powerful than Nvidia's products and it expects Volkswagen VOWG.DE and other auto rivals to be customers.
- NHS England is working on a new model to attract private finance to pay for health infrastructure, following calls from the sector to upgrade dilapidated estates by ending a ban on the contentious funding schemes.
($1 = 0.7373 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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