PRESS DIGEST-Financial Times - Feb 21
Feb 21 (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
- UK Home secretary sacks UK's chief inspector of borders
- Currys' largest shareholder supports rejection of takeover bid
- Barclays to return 10 bln pounds to shareholders
- Barclay family pledges UK businesses for Abu Dhabi loans in Telegraph bid
Overview
- UK Home secretary James Cleverly sacked UK's chief inspector of borders and immigration David Neal following a string of press interviews that were highly critical of the government.
- UK electronics retailer Currys' largest shareholder hedge fund Redwheel, which owns a 14.6 per cent stake has backed the board's decision to reject a takeover bid from U.S. investment group Elliott Management.
- British bank Barclays has pledged to return 10 billion pounds ($12.62 billion) to shareholders over the next three years as laid out in a plan by chief executive CS Venkatakrishnan.
- The Barclay family has pledged its remaining primary UK businesses as security to loans provided by IMI, the Abu Dhabi investment fund, as part of a deal to buy the Telegraph.
$1 = 0.7922 pounds) (Compiled by Bengaluru newsroom)
