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PRESS DIGEST-Financial Times - February 12
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PRESS DIGEST-Financial Times - February 12
Feb 11, 2025 6:35 PM

Feb 12 (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

- BP cash bonus to be paid at 45% of target after poor

performance

- Entain ( GMVHF ) chief steps down after 5 months in role

- Novartis agrees $3 billion deal to buy heart drug biotech

from Blackstone

- EU to retaliate against US steel and aluminium tariffs

Overview

- BP has told 39,000 employees that their annual cash

bonus will be paid at just 45% of target after a year of poor

financial and operational performance.

- The chief executive of Ladbrokes owner Entain ( GMVHF ),

Gavin Isaacs has stepped down after just five months in the

role.

- Novartis has agreed to acquire Anthos

Therapeutics in a deal worth up to $3.1 billion, after

Blackstone Life Sciences funded the biotech's development of its

treatment to help prevent strokes and other serious blood clots.

- EU said it would retaliate against U.S. tariffs on

European steel and aluminium exports with "firm and

proportionate countermeasures", as officials in Brussels rushed

to avert a trade war with Washington.

(Compiled by Bengaluru newsroom)

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