Financial Times - August 14
Aug 14 (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
- AstraZeneca hits 200 billion STG valuation
- Hipgnosis sues Barry Manilow over bonus payments
- UK housebuilder Bellway walks away from Crest Nicholson takeover bid
- Brussels slaps down Thierry Breton over 'harmful content' letter to Elon Musk
Overview
- AstraZeneca AZN.L has become the only current UK-listed company to reach a 200 billion pound valuation, in a vindication of the company's bet on developing a leading portfolio of cancer drugs.
- Hipgnosis Songs Fund HPGSF.PK is suing Barry Manilow over bonus payments tied to its purchase of the American singer's back catalogue.
- British homebuilder Bellway BWY.L has unexpectedly dropped its 720 million pound ($925.70 million) bid to buy smaller peer Crest Nicholson CRST.L, sending Crest's shares almost 20% lower on Tuesday.
- Brussels has accused its internal market commissioner of going rogue by sending a letter to Elon Musk threatening punishment if content posted on social media site X was found to place EU citizens at risk of "serious harm".
($1 = 0.7778 pounds)
(Compiled by Bengaluru newsroom)
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