PRESS DIGEST-Financial Times - May 1
May 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.
Headlines
Britain redress scheme accused of misleading London Capital & Finance investors https://on.ft.com/2VHfKwC
Trump drops cyber theft demands in bid for swift trade deal with China https://on.ft.com/2DGmdhn
Neil Woodford sells stake in P2P Global to meet redemptions https://on.ft.com/2PGYouv
Overview
London Capital & Finance bondholders facing the wipeout of their savings in a 236 million pound ($307.79 million) investment scandal are accusing the Britain's financial compensation scheme of giving misleading information over the protection they should expect.
U.S. President Donald Trump has dropped a central demand from trade negotiations with China that it halt alleged instances of commercial cyber theft, in order to end a long-running tariff dispute.
Neil Woodford has disposed of his stake in P2P Global Investments to wealth manager Quilter for close to 86 million pounds ($112.16 million), as the former star stock picker liquidates holdings to repay investors withdrawing from his funds. ($1 = 0.7668 pounds) (Compiled by Bengaluru newsroom)
