May 10, 2017 / 11:11 PM / 4 months ago

PRESS DIGEST- Financial Times - May 11

May 11 (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

Boeing suspends test flights of new 737 Max passenger jet

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Time Inc cuts dividend and shakes up board as losses widen

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Barclays chief Jes Staley apologises for pursuit of whistleblower

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Pret A Manger studies options for New York IPO this year

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Overview

Boeing Co said it has suspended test flights of its new 737 Max-8 single aisle passenger jet after discovering problems with the engine.

Time Inc cut its dividend and announced a board reshuffle as the magazine publisher prepares to ramp up cost cuts and sell some titles.

Barclays Plc Chief Executive Jes Staley apologised to shareholders for the “error” he admitted he had made in trying to uncover the identity of a whistleblower.

British food-on-the-go chain Pret A Manger is being lined up for a New York listing. UK-based private equity firm Bridgepoint, which owns a majority stake in Pret, has appointed bankers to prepare a U.S. initial public offering this year. (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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