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PRESS DIGEST- Financial Times - May 30
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PRESS DIGEST- Financial Times - May 30
May 29, 2024 7:34 PM

May 30 (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

- BHP's 39 bln stg pursuit of Anglo American collapses

- Sony Music in talks to buy Queen's music catalogue for $1

bln

- Next UK government must forge better trade relations with

EU, says lobby group

- Junior doctors to strike ahead of UK election

Overview

- BHP's 39 billion pounds ($49.52 billion) takeover

bid for Anglo American has collapsed after a frenzied

six-week pursuit. In a last day of brinkmanship, BHP called for

an extension to talks, which Anglo rebuffed, before the

Australian mining company finally abandoned its takeover

attempt.

- Sony Music has created a financial vehicle titled "Rock

Bidco", incorporated on May 17, as the record company bids for

the music catalogue of British rock band Queen, which is

expected to fetch a billion-dollar sum.

- The next UK government must negotiate an improved trading

relationship with the EU as businesses face ever-higher costs

from Brexit, British Chambers of Commerce, one of the country's

biggest corporate lobby groups has warned.

- Junior doctors in England will go on strike for five days,

from June 27 to July 2, in the run-up to the UK general

election, after failing to reach an agreement with the

Conservative government to secure a better pay offer.

($1 = 0.7875 pounds)

(Compiled by Bengaluru newsroom)

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