Financial Times

Headlines

MORGAN STANLEY TO AXE 1,600 JOBS

http://link.reuters.com/jyh25t

VOW TO KEEP HOVIS 100 PCT BRITISH WASHED AWAY BY RECORD RAINFALL

http://link.reuters.com/nyh25t

US WARNS BRITAIN AGAINST LEAVING EU

http://link.reuters.com/pyh25t

UBS' ORCEL ADMITS BANKS MUST CHANGE

http://link.reuters.com/kyh25t

TESCO SET TO UNVEIL SENIOR APPOINTMENTS

http://link.reuters.com/seh25t

M&S TAKES PLACE AMONG BIGGEST HIGH STREET LOSERS OVER CHRISTMAS

http://link.reuters.com/syh25t

JESSOPS ENTERS ADMINISTRATION

http://link.reuters.com/qyh25t

Overview

MORGAN STANLEY TO AXE 1,600 JOBS

Morgan Stanley is to cut 1,600 jobs in its institutional

services business, the latest example of a Wall Street

investment bank axing staff to reduce expenses. http://link.reuters.com/jyh25t

VOW TO KEEP HOVIS 100 PCT BRITISH WASHED AWAY BY RECORD RAINFALL

Premier Foods's bread division Hovis is to abandon its

pledge to use only British wheat in its loaves following

rain-blighted harvests. http://link.reuters.com/nyh25t

US WARNS BRITAIN AGAINST LEAVING EU

The Obama administration publicly signalled its growing concern

about a possible UK exit from the European Union on Wednesday. http://link.reuters.com/pyh25t

UBS' ORCEL ADMITS BANKS MUST CHANGE

Bankers have become too arrogant and the industry must change,

the chief executive of the UBS's investment banking

arm told UK lawmakers. http://link.reuters.com/kyh25t

TESCO SET TO UNVEIL SENIOR APPOINTMENTS

Tesco is set to announce a management shake-up on

Thursday in which the grocer will make two senior appointments

to bolster its top team. http://link.reuters.com/seh25t

M&S TAKES PLACE AMONG BIGGEST HIGH STREET LOSERS OVER CHRISTMAS

Marks & Spencer confirmed its position as one of the

biggest losers over Christmas with worse than expected trading

figures. http://link.reuters.com/syh25t

JESSOPS ENTERS ADMINISTRATION

Jessops, the camera retailer, fell into

administration on Thursday to become the first high street

casualty of 2013. http://link.reuters.com/qyh25t

(Reporting by Brenda Goh; Editing by Anupama Dwivedi)

Keywords: PRESS DIGEST FINANCIAL TIMES/

(brenda.goh@thomsonreuters.com)(+44 020 7542 2230)(Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2013. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.