March 12, 2019 / 1:35 AM / 6 months ago

PRESS DIGEST- Financial Times - March 12

March 12 (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

UK accounting watchdog to be replaced by stronger regulator on.ft.com/2Tx2zOw

Kier blames debt increase on accounting error on.ft.com/2TtQBoU

May agrees revised Brexit deal with Juncker on.ft.com/2TtyHTn

Overview

UK Business minister Greg Clark said on Monday the accounting watchdog, the Financial Reporting Council, will be scrapped and replaced by a more powerful regulator with greater oversight of the Big Four accounting firms.

British builder Kier Group Plc on Monday disclosed an accounting error that increased its debt by 50 million pounds ($66.13 million), alarming investors and sending shares down by about 13 percent.

UK Prime Minister Theresa May and European Commission President Jean-Claude Juncker on Monday reached a revised deal for Brexit with legal assurances that Britain cannot be "trapped" in a customs union. ($1 = 0.7561 pounds) (Compiled by Bengaluru newsroom Editing by Sonya Hepinstall)

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