October 2, 2019 / 12:20 AM / 2 months ago

PRESS DIGEST- Financial Times - Oct 2

Oct 2 (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

- Boris Johnson poised for 'final offer' to end Brexit deadlock on.ft.com/2ooxFZX

- M&S admits turnaround plan 18 months behind schedule on.ft.com/2oonvbK

- John Lewis to cut a third of managers in £100m cost-cutting push on.ft.com/2ntzaX0

Overview

- British Prime Minister Boris Johnson will unveil his final Brexit offer on Wednesday to Brussels to end the Brexit deadlock, insisting in a speech to the Conservative party conference that his plan is a “reasonable compromise” and offers the last chance to avoid a chaotic no-deal exit.

- Marks and Spencer chief executive officer Steve Rowe said in investor event that a turnaround in its clothing and home business is 18 months behind schedule.

- Britain’s John Lewis Partnership will cut a third of management roles as a part of a plan that will bring together its department stores and supermarkets in an attempt to cut 100 million pounds($122.90 million) a year from its costs. ($1 = 0.8137 pounds) (Compiled by Bengaluru newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below