PRESS DIGEST- Financial Times - Oct. 7

Reuters | Updated: 07-10-2021 06:17 IST | Created: 07-10-2021 06:17 IST
PRESS DIGEST- Financial Times - Oct. 7

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

- UK regulators probe Mazars over French Connection audit - National Grid chief signals tighter winter electricity supplies

- Johnson admits it will 'take time' to restructure UK economy - BA to rehire some of thousands of staff laid off during pandemic

Overview - UK regulators have begun investigating accounting firm Mazars over its audit of clothing and accessories retailer French Connection Group Plc's financial statements.

- National Grid Plc's chief executive has warned that Britain will face tighter electricity supplies this winter than in previous years, compounding the problems for businesses and households that are already facing a sharp rise in the cost of electricity as gas prices spike to record highs. - Prime Minister Boris Johnson admitted it would be difficult and "take time" to restructure the UK economy, as he doubled down on his pledge to create a "high-wage, high-skill, high-productivity" society.

- British Airways plans to rehire some of the thousands of staff laid off last year as the airline industry begins a tentative recovery from the pandemic. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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