PRESS DIGEST- Financial Times - Feb 26

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

Theresa May poised to open the way for delaying Brexit https://on.ft.com/2GIJ3rL FCA says Mifid II has had 'positive' effects https://on.ft.com/2GLEMDJ

Labour party to back second referendum on Brexit https://on.ft.com/2NuoMXg Overview

British Prime Minister Theresa May will open the way for a delay in Brexit if lawmakers continue to block an exit deal, as she seeks to head off resignations by around a dozen pro-EU ministers. The Chief Executive of UK's Financial Conduct Authority, Andrew Bailey, said that the watchdog has so far seen a "positive impact" from Mifid II, the tough new EU-wide standards on analyst research.

Labour Party leader Jeremy Corbyn said on Monday his party would back a second referendum on whether Britain should leave the European Union, giving hope to opponents of Brexit. (Compiled by Bengaluru newsroom Editing by Sonya Hepinstall)