PRESS DIGEST-Financial Times - March 31

Reuters
7 hours ago
PRESS DIGEST-Financial Times - March 31

March 31 (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

- Unilever nears deal to combine food division with spice maker McCormick

- UK to receive last tanker of jet fuel from Middle East this week

- UK regulator cuts 2 billion pounds from car finance redress costs for banks

- UK government on verge of full nationalisation of British Steel

- UK fines Apple subsidiary for breaching Russian sanctions

- BP loses head of EV charging as it accelerates pivot back to oil and gas

Overview

- Unilever ULVR.L is in advanced talks to combine its food business with U.S. spice maker McCormick MKC.N.

- The last known shipment of jet fuel to Britain from Saudi Arabia is expected to arrive this week on the Libyan-flagged Maetiga vessel.

- Britain's motor finance industry must pay 9.1 billion pounds ($12.02 billion) to compensate consumers for unfair vehicle loans, the Financial Conduct Authority $(FCA)$ said. The amount is lower from an originally expected 11 billion pounds.

- The British government is on the verge of fully nationalising British Steel, almost a year on from using emergency legislation to take control of the business.

- Britain said it had issued a 390,000 pound penalty to Ireland-based Apple Distribution International Limited, a subsidiary of the U.S.-based technology giant Apple AAPL.O, over a breach of its Russia sanctions.

- Martin Thomsen, who took charge of BP's BP.L electric vehicle charging division BP Pulse, as well as the energy major's petrol station and retail business in Europe and South Africa last May, joined Rolls-Royce this month as chief procurement and supply chain officer.

($1 = 0.7571 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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