PRESS DIGEST-Financial Times - Dec 20

Reuters12-20 12:27

PRESS DIGEST-Financial Times - Dec 20

Dec 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

Peter Mandelson to be UK's next ambassador to US

Northern Ireland politicians object to EU law applying in the region

FCA apologises for delay in shutting fraudulent peer-to-peer lender

Soho House shares surge on offer to take it private

Jim Ratcliffe's Ineos invests $100 million in Manchester United

Overview

Peter Mandelson, former Labour cabinet minister and EU commissioner, is to become Britain's next ambassador to Washington, with an immediate mission to avert a trade war with Donald Trump.

Northern Ireland's Democratic Unionist is for the first time triggering a mechanism allowing legislators to object to the automatic application of EU law in the region following Brexit.

The UK's financial watchdog has issued a grovelling apology for "failings" that let hundreds of people lose millions of pounds they invested in a fraudulent peer-to-peer lender.

Soho House SHCO.N shares surged nearly 70% after the members' club announced it had received an offer to buy it at a premium to its current market value, following years of stock price struggles.

Jim Ratcliffe's Ineos has agreed to inject $100 million into Manchester United MANU.N, cementing the billionaire's influence at the English football club.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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