PRESS DIGEST- Financial Times - April 5

April 5 (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

- British billionaire Joe Lewis avoids US prison in insider trading case

- UK under growing pressure to halt arms exports to Israel

- Chinese state banks are lenders to Thames Water's parent company

Overview

- Joe Lewis, the British billionaire whose family owns Tottenham Hotspur football club, will avoid being sent to prison for insider trading, after a federal judge in Manhattan agreed to sentence the 87-year-old to a $5mn fine and three years of probation.

- The UK government on Thursday came under increased pressure to end arms sales to Israel following the killing of seven aid workers in an air strike in Gaza earlier this week.

- Two Chinese state-owned banks hold a crucial role in the future of Thames Water, as part of a group of lenders involved in a stand-off over debt at Kemble Water Finance, the parent company of Britain's largest water utility. (Compiled by Bengaluru newsroom)