June 13, 2019 / 12:42 AM / a year ago

PRESS DIGEST- Financial Times - June 13

June 13 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


Arcadia avoids collapse as landlords back rescue plan on.ft.com/2ZuIiIj

Lidl to ramp up London presence with £500 mln stg investment on.ft.com/2wRgMIq

BBC and Sky step up efforts to counter Netflix on.ft.com/2XGwW3i


Philip Green's Arcadia avoided collapse into administration on Wednesday as creditors approved its restructuring plan that will reduce rents and close some stores.

Lidl GB, the British arm of the German-owned discount supermarket chain, on Wednesday announced plans to invest 500 million pounds in London and open 40 new stores over the next five years.

The BBC on Wednesday won provisional approval from Ofcom to extend its programmes available on the iPlayer service while Sky, which is owned by Comcast Corp, announced that it will more than double its investment in European original programming as both companies look to ramp up efforts to counter streaming services like Netflix Inc and Amazon.com Inc .

Compiled by Bengaluru newsroom; Editing by Sandra Maler

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