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PRESS DIGEST- Financial Times - Oct 12

Oct 12 (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 and Brussels close to agreeing Brexit deal https://on.ft.com/2QJN53V


Patisserie Valerie on the brink amid cash shortfall https://on.ft.com/2A5zCOm


Vale chief to focus on increasing shareholder returns https://on.ft.com/2Ca6XsX


Overview


UK Prime Minister Theresa May briefed her inner cabinet on Thursday evening that a historic Brexit deal is close.


Patisserie Valerie is on the brink of collapse after the British café chain's owner, Patisserie Holdings warned on Thursday it would be unable to keep trading without an immediate injection of capital.


Vale SA Chief Executive Fabio Schvartsman has called an end to the miner's deleveraging programme and said excess cash should be used to repurchase shares.


(Compiled by Bengaluru newsroom)