PRESS DIGEST- Financial Times - April 3

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PRESS DIGEST- Financial Times - April 3

, Reuters - 10:44 PM ET 4/2/2025 default

April 3 (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

- Denmark's Maersk buys Panama Canal railway

-Deutsche Bank's asset manager fined 25 million euros over greenwashing scandal

- Thames Water names Steve Buck as its new chief financial officer

- Greencore ( GNCGF ) agrees 1.2 billon pound deal for UK ready meal rival Bakkavor ( BKKVF )

Overview

- Canadian Pacific Kansas City ( CP ) said it and U.S.-based Lanco Group have sold the Panama Canal Railway Company to a unit of Denmark's Maersk, one of the world's largest container shipping groups.

- German prosecutors have fined asset manager DWS 25 million euros ($27.30 million)after a lengthy probe found the firm guilty of greenwashing, or making misleading statements about its environmental and social investing credentials.

- Britain's biggest water supplier Thames Water named former British Gas finance director Steve Buck as its chief financial officer to help deliver the indebted company's turnaround plan.

- Convenience food manufacturer Greencore ( GNCGF ) agreed to buy rival Bakkavor ( BKKVF ) in a deal valued at 1.2 billion pounds ($1.57 billion) to create a convenience foods giant in Britain.

($1 = 0.9157 euros) ($1 = 0.7660 pounds) (Compiled by Bengaluru newsroom)

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