PRESS DIGEST- Financial Times - March 29

- Britain's Aerospace Technology Institute will receive 685 million pound ($897.49 million) in funds over the next three years the government said on Tuesday, allowing it to lift the moratorium it was forced to impose on applications for new grants a year ago. - P&O Ferries said it would pay workers in British waters the national minimum wage if other ferry operators did likewise, in a sign it will be forced to reverse its move to replace 800 seafarers with cheaper agency staff.

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 government to cut NatWest stake to less than 50%. https://on.ft.com/3Ln1bol - Barclays expects £450 mln hit from $15 bln U.S. trading error. https://on.ft.com/3wKXMLN

- UK aerospace R&D receives fresh funding boost. https://on.ft.com/36upxOk - P&O signals willingness to pay minimum wage if rivals do. https://on.ft.com/3qKhnYK

Overview - NatWest is to buy back about 5 per cent of its shares from the UK government for 1.2 billion pound ($1.57 billion), reducing the Treasury's voting rights in the lender to less than 50 per cent for the first time since 2008.

- British bank Barclays faces a 450 million pound ($589.59 million) hit, a delay to its share buyback plan and scrutiny from regulators after the bank mistakenly issued $15 billion worth more of financial products in the U.S. than it had permission to. - Britain's Aerospace Technology Institute will receive 685 million pound ($897.49 million) in funds over the next three years the government said on Tuesday, allowing it to lift the moratorium it was forced to impose on applications for new grants a year ago.

- P&O Ferries said it would pay workers in British waters the national minimum wage if other ferry operators did likewise, in a sign it will be forced to reverse its move to replace 800 seafarers with cheaper agency staff. ($1 = 0.7632 pounds) (Compiled by Bengaluru newsroom)

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