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PRESS DIGEST- Financial Times - March 20
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PRESS DIGEST- Financial Times - March 20
Mar 19, 2024 6:02 PM

March 20 (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

- Ted Baker preparing to appoint administrators

- Telegraph takeover by RedBird IMI faces regulatory probe

- AstraZeneca ( AZN ) strikes $2.4 bln deal for radiotherapy biotech

Fusion

- Unilever ( UL ) to split off ice cream business and cut 7,500

jobs

Overview

- British fashion retailer Ted Baker is on the brink of

collapse unless it finds a new business partner, casting doubt

over the future of hundreds of high street jobs at the UK

fashion brand.

- Telegraph Media Group's takeover by Abu Dhabi-backed

RedBird IMI could face an in-depth regulatory review, giving the

UK government more time to change the law to formally block the

deal in the next few months.

- AstraZeneca ( AZN ) said it has agreed to buy

clinical-stage biopharmaceutical company Fusion Pharmaceuticals

Inc ( FUSN ) for $2.4 billion.

- Unilever ( UL ) said it would spin off its ice cream

unit, home to popular brands such as Magnum and Ben & Jerry's ( UL ),

and cut 7,500 jobs in a new cost-savings programme.

($1 = 0.7862 pounds)

(Compiled by Bengaluru newsroom)

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