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PRESS DIGEST-Financial Times - March 17

· 03/16/2021 20:36
PRESS DIGEST-Financial Times - March 17

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


Headlines

- Uber agrees to classify UK drivers as workers entitled to benefits https://on.ft.com/30R32ws


- British Steel CEO Ron Deelen to resign at end of March https://on.ft.com/3ttyjSe


- G4S shareholders approve 3.8 bln stg takeover by Allied https://on.ft.com/3loeOaV


- Credit Suisse warns over hit from Greensill collapse https://on.ft.com/3bYhCJ3


Overview

- Uber Technologies Inc UBER.N will reclassify its UK drivers as workers, falling partly in line with a recent court ruling, but probably setting up a fresh round of disputes over what should be considered "working time" in the gig economy.


- British Steel is poised to announce the resignation of its chief executive just over a year after the company was rescued from bankruptcy by a Chinese investor.


- G4S Plc GFS.L is set to be taken over by its North American rival Allied Universal, after shareholders agreed to a 3.8 billon pounds deal that ends a months-long battle for control of the UK security group.


- Credit Suisse CSGN.S has warned that it could face a charge stemming from the collapse of supply-chain finance group Greensill Capital, as it attempts to quantify the financial hit and contain the reputational damage from the deepening scandal.




(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))