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PRESS DIGEST- Financial Times - Sept 25
September 25, 2017 / 12:10 AM / 24 days ago

PRESS DIGEST- Financial Times - Sept 25

Sept 25 (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

Uber launches effort to save crucial London market on.ft.com/2fLfneD

Three former Tesco executives due to stand trial on.ft.com/2fKZKUl

Corbyn camp blocks conference Brexit vote on.ft.com/2fKJ67f

Labour promises to cap interest payments on credit cards on.ft.com/2fJB4eP

Overview

Uber Technologies Inc said it was willing to discuss how to better support police investigations and to strengthen official reporting procedures for private hire companies, in an attempt to resolve the issues that prompted Transport for London to revoke its licence to operate in London.

In one of the most high-profile prosecutions ever brought by the Serious Fraud Office, three former Tesco Plc will stand trial on Monday for their alleged role in an accounting scandal in which Tesco was found to have inflated its profit by 326 million pounds ($440 million) in 2014.

UK opposition leader Jeremy Corbyn was accused of making Labour a “laughing stock” by an MP from his party after Corbyn used his support group Momentum to prevent delegates at the annual conference from getting a vote on Brexit — even as he claimed to be making the party more democratic.

The Labour Party’s John McDonnell will on Monday introduce a policy to put a cap on credit card interest payments to tackle Britain’s debt crisis, a measure that would be similar to restrictions imposed on payday lenders by the Financial Conduct Authority.

$1 = 0.7406 pounds Compiled by Bengaluru newsroom; Editing by Sandra Maler

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