PRESS DIGEST- Financial Times - May 15

May 15 (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

- Bank of London probed by regulators as EY flags uncertainty over future

- Foreign states to be allowed to take 15% stake in UK newspapers

- BBC aims to double global reach of World Service to 1 billion people

- Plans to reset UK-EU relations hit trouble over fishing rights and youth mobility

Overview

- The Bank of London is under scrutiny on two fronts from regulators as its auditor warned that there were 'material uncertainties' over whether the ailing fintech could continue trading.

- Britain plans to allow state-owned investors to own up to 15% of British newspaper publishers, the government said on Thursday, as part of media reforms that could end long-running uncertainty over ownership of the Telegraph newspaper.

- BBC wants to double the weekly reach of the World Service to 1 billion people, director-general Tim Davie has said, calling on ministers for additional funding in the face of threatened budget cuts.

- EU diplomats rejected European Commission attempts to bridge gaps between the UK and the EU on Wednesday after EU member states demanded further concessions from London over fishing rights and youth mobility.