PRESS DIGEST- Financial Times - May 14
May 14 (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
- Thames Water executives to receive bonuses from 3 billion pounds emergency loan
- Macquarie asked Ares to take full writedown on Britain's Southern Water debt
- Adidas chair in re-election fight as investors plot revolt
- China attacks UK trade deal with US
Overview
- Thames Water's senior executives will receive "retention incentives" as part of a 3 billion pounds ($3.99 billion)emergency loan agreed by the utility that is seeking to stave off nationalisation.
- Macquarie MQG.AX controlled Southern Water asked Ares Management ARES.N and other lenders to write off about 370 million pounds ($492.25 million) of debt, in an effort to allow new equity to flow directly into the utility's heavily-indebted operating company.
- Adidas ADSGn.DE chair Thomas Rabe faces an investor rebellion against his re-election, with four of Germany's leading asset managers set to vote against him amid concerns over his multiple mandates and a failure to implement a promised succession plan.
- China has criticised a trade deal between the United Kingdom and the United States that could be used to squeeze Chinese products out of British supply chains.
($1 = 0.7517 pounds)
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