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PRESS DIGEST- Financial Times - May 2

Published 02/05/2019, 11:20 am
© Reuters.  PRESS DIGEST- Financial Times - May 2
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May 2 (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

The Restaurant Group picks ex-HBOS chief Andy Hornby for top job https://on.ft.com/2Wpdw2p

Wesfarmers launches $560 mln bid for Australian lithium miner https://on.ft.com/2Y4O8iN

UK PM May weighs remaining in EU customs union https://on.ft.com/2DJ26z1

Overview

The Restaurant Group Plc RTN.L , owner of Wagamama and Garfunkel's restaurants, has appointed the ex-chief of HBOS and gambling company Coral as its new chief executive.

Wesfarmers Ltd WES.AX has bid almost A$800 million ($561.92 million) to buy Kidman Resources Ltd KDR.AX , an Australian lithium miner which is developing one of the world's largest hard rock deposits of the battery making mineral.

UK PM Theresa May is considering agreeing to keep the UK inside the EU's tariff wall to secure a Brexit deal, which would restrict the country's ability to do trade deals on goods but allow it to strike agreements on services. ($1 = 1.4237 Australian dollars)

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