PRESS DIGEST-Financial Times - May 9

May 9 (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

- US and UK seal first deal of Donald Trump's trade war

- Bank of England vote split hits hopes for faster interest rate cuts

- EU threatens tariffs on US cars if talks with Washington fail

- Smiths Group kicks off break-up with move to sell 1 billion stg unit

Overview

- Britain has clinched the first deal with the U.S. since President Donald Trump ignited a trade war, winning cuts to punitive tariffs on car and steel exports but failing to reverse a flat 10% levy that applies to most goods.

- A three-way split among Bank of England policymakers took investors by surprise, denting expectations that the upheaval in global trade would lead the central bank to speed up the pace of interest rate cuts in the months to come.

- Brussels has threatened tariffs on 95 billion euros ($106.63 billion) of U.S. exports, including cars and vehicle parts, if talks with Washington fail to end their trade conflict.

- British engineering firm Smiths Group SMIN.L is pressing ahead with plans to sell its 1 billion pounds ($1.32 billion)electrical connectors division.

($1 = 0.8909 euros)

($1 = 0.7556 pounds)