Financial Times - April 23

Financial Times - April 23

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- IMF cuts UK growth outlook and predicts further BoE rate reductions- British Prime Minister Keir Starmer changes stance on trans women after Supreme Court ruling- Hedge fund Elliott turns up heat on BP with demand for deep spending cuts- British Steel halts plan to axe 2,700 jobsOverview- The IMF has cut the UK's growth forecasts in the wake of U.S. President Donald Trump's tariffs and said that the Bank of England could afford to lower interest rates three more times this year.- Keir Starmer publicly confirmed that he had changed his position on the definition of a woman on Tuesday, a week after the UK's Supreme Court ruled that women were defined by biological sex under equalities law.- Elliott Management is pressing BP to increase its free cash flow by an additional 40% through deep cuts to spending, as the activist investor upped its stake in the energy group to more than 5% and sharpened its criticism of the company.- British Steel has halted plans to lay off up to 2,700 workers at its plant in eastern England after ending a consultation on mass redundancies that were initiated by its previous management.

Reuters