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FT News Briefing

Wednesday, March 27

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 27 March 2019

⏱️ 9 minutes

🧾️ Download transcript

Summary

Renault and Nissan patch up their alliance and plan a further acquisition to bulk up the business, a leading Eurosceptic says he has decided after all to back Theresa May’s deal on Brexit, and we learn more about former Uber chief Travis Kalanick’s new global venture. Plus, why European investors are becoming concerned about rising levels of banker pay.

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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

At Aquinore. UK. Good morning from the newsroom of the Financial Times.

0:17.0

Today is Wednesday, March 27th, and this is your FT news briefing.

0:22.0

Today, Reno and Nissan patch up their alliance and plan a further

0:27.6

acquisition to bulk up the business. A leading Eurosceptic says he has decided to

0:32.3

back Theresa May's deal on Brexit after all.

0:35.3

And we learn more about former Uber chief Travis Kellenix new global venture into dark kitchens.

0:41.6

Then we report on investor concerns over rising levels of banker pay in Europe.

0:47.0

I'm Lauren Feedor and here's the news you need to start your day.

0:53.0

Reno aims to restart merger talks with Nissan within 12 months and then acquire

0:58.4

another carmaker with Fiat Chrysler among the preferred targets

1:02.0

according to several people familiar with the French

1:04.5

group's plans.

1:06.2

The planning marks a return to the audacious strategies favored by Carlos Gone, former

1:10.9

chief executive of Reno Reno and Chairman of Nissan

1:13.4

until his November arrest and Tokyo on fraud charges.

1:16.8

Both the French and Japanese sides have said their focus is on making the

1:21.3

alliance work well before rejigging the capital structure.

1:25.2

The recent creation of a new board for the alliance, led by Renault Chairman Jean-Domenic Cenard,

1:30.8

has improved confidence that the two sides can rebuild trust and push ahead

1:34.7

with merger plans according to people familiar with both sides thinking.

...

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