April 30, 2018 / 12:27 AM / 5 months ago

PRESS DIGEST- Financial Times - April 30

April 30 (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

CVC approaches WPP over potential Kantar sale on.ft.com/2HBempk

T-Mobile and Sprint agree all-stock merger on.ft.com/2HBJyVs

BP sees no let up in pressure on global oil prices on.ft.com/2HB1ijF

AMP chairman resigns amid overcharging scandal on.ft.com/2HzZV4K

Overview

WPP Plc, the marketing and communications group adjusting to life without its long-term chief executive Martin Sorrell, has been approached by CVC Capital Partners for a potential sale of Kantar, its market research arm.

T-Mobile US Inc and Sprint Corp have clinched a deal valuing the combined company at $146 billion, including debt, that will unite the third- and fourth-largest U.S. carriers after years of courtship.

Oil will be in plentiful supply and prices are likely to remain under pressure in the long term, according to the outgoing chairman of BP, who said there must be no let up in the company's efforts to lower costs.

The chairman of AMP Ltd, Catherine Brenner, has resigned in the wake of damaging revelations at a public inquiry that the Australian financial services company systematically overcharged customers and misled regulators.

Compiled by Bengaluru newsroom; Editing by Cynthia Osterman

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