PRESS DIGEST- Financial Times - March 20
March 20 (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
- Ted Baker preparing to appoint administrators
- Telegraph takeover by RedBird IMI faces regulatory probe
- AstraZeneca strikes $2.4 bln deal for radiotherapy biotech Fusion
- Unilever to split off ice cream business and cut 7,500 jobs
Overview
- British fashion retailer Ted Baker is on the brink of collapse unless it finds a new business partner, casting doubt over the future of hundreds of high street jobs at the UK fashion brand.
- Telegraph Media Group's takeover by Abu Dhabi-backed RedBird IMI could face an in-depth regulatory review, giving the UK government more time to change the law to formally block the deal in the next few months.
- AstraZeneca said it has agreed to buy clinical-stage biopharmaceutical company Fusion Pharmaceuticals Inc for $2.4 billion.
- Unilever said it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry's, and cut 7,500 jobs in a new cost-savings programme. ($1 = 0.7862 pounds) (Compiled by Bengaluru newsroom)
