PRESS DIGEST-Financial Times - Aug 29
Aug 29 (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
- FCA opens investigation into Drax annual reports
- Lotus plans 550 UK job cuts to secure 'sustainable future'
- UK, France and Germany reimpose nuclear sanctions on Iran
- Former CEO and chair of Ladbrokes owner charged with bribery
Overview
- UK financial markets regulators have opened an investigation into whether Drax DRX.L made misleading statements to the market over its sourcing of wood for biomass pellets.
- Lotus has said it plans to cut 550 jobs in the UK even as the British sports-car maker pledged to continue manufacturing at its Hethel plant in Norfolk.
- Britain, Germany and France have triggered a mechanism at the UN to reimpose international sanctions on Iran over its nuclear programme.
- The former chief executive and chair of the London-listed owner of Ladbrokes are among 11 individuals charged as part of an investigation into the provision of gambling services in Turkey.
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