PRESS DIGEST-Financial Times - Sept 30

The UK financial regulator has admitted that people are still confused about which products are covered by its rules despite pledging last year to clarify its consumer protection role. Britain's interior minister Priti Patel asked officials to explore the construction of an asylum processing centre on Ascension Island, a British overseas territory more than 4,000 miles from the UK in the south Atlantic, for migrants coming to Britain.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

LVMH lawsuit calls Tiffany's prospects 'dismal' https://on.ft.com/33aPxcW UK financial watchdog admits consumers confused by protection rules https://on.ft.com/33c52RW

Priti Patel looked at shipping UK asylum seekers to south Atlantic https://on.ft.com/33evZED Overview

A "catastrophic" performance since the outbreak of coronavirus has left Tiffany & Co with "dismal" prospects for the future, according to LVMH, the company that until recently wanted to buy the luxury U.S. jeweller for $16.6 billion. The UK financial regulator has admitted that people are still confused about which products are covered by its rules despite pledging last year to clarify its consumer protection role.

Britain's interior minister Priti Patel asked officials to explore the construction of an asylum processing centre on Ascension Island, a British overseas territory more than 4,000 miles from the UK in the south Atlantic, for migrants coming to Britain. (Compiled by Bengaluru newsroom)