PRESS DIGEST- Financial Times – March 2

March 1 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


* Weinstein Company agrees deal with investor group

* Laird agrees 1 billion pound offer from U.S. private equity group Advent

* UK government rejects second inquiry into press wrongdoing

* UK’s National Grid warns of gas shortfall due to big freeze


– An investor group led by former U.S. Obama administration official Maria Contreras-Sweet reached an agreement to buy most of the assets of The Weinstein Company.

– British-based electronic components maker Laird Plc agreed to a 1 billion pound ($1.38 billion) takeover by U.S. buyout group Advent International.

– Matt Hancock, Britain’s culture secretary, ruled out a fresh public inquiry into wrongdoing in the newspaper industry that would have been a follow-up to an investigation in 2011-12 into the conduct and culture of the British press.

– National Grid Plc, issuing the first deficit warning in eight years, said that Britain may not have enough gas to meet demand as freezing temperatures hit across the country.

$1 = 0.7260 pounds
Compiled by Bengaluru newsroom, Editing by Rosalba O’Brien

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