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Financial Times - May 30



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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 BHP.AX 39 billion pounds ($49.52 billion) takeover bid for Anglo American AAL.L 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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