PRESS DIGEST- Financial Times - Jan 1

Jan 1 (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

George Osborne urged to revive review of bank culture (http://on.ft.com/1NY7R7Q)

Sports Direct to pay above minimum wage after storm of criticism (http://on.ft.com/1NY88HC)

Skyscraper fire mars Dubai New Year party (http://on.ft.com/1RcsuBC)

Overview

UK politicians are urging finance minister George Osborne to resurrect a probe into Britain's banking cluture which the Financial Conduct Authority dropped before its completion.

Sports Direct, Britain's biggest sportswear retailer, said its employees would be paid above the national minimum wage from the start of the new year, after a review of its conditions for thousands of its workers.

Fire engulfed a 63-storey skyscraper in Dubai on Thursday night, but with the block evacuated and only minor injuries reported authorities went ahead with a New Year's fireworks display at the world's tallest building a few hundred metres away.

(Compiled by Ismail Shakil in Bengaluru; Editing by Diane Craft)

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