November 13, 2019 / 1:26 AM / a month ago

PRESS DIGEST- Financial Times - Nov 13

Nov 13 (Reuters) - Here are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

Royal Mail loses appeal against record £50m Ofcom fine

on.ft.com/2QdUdZB

AbbVie sells $30bn of bonds to finance Allergan takeover

on.ft.com/2Ki3fRg

3G Capital enters bidding for Thyssenkrupp lifts unit

on.ft.com/34X0YTG

UK tests resilience of top six auditors

on.ft.com/2CBmIbk

Overview

The British Competition Appeal Tribunal upholds Ofcom’s decision to impose penalty of 50 million pounds ($63.98 million) on postal services provider Royal Mail Plc.

U.S.-based biopharmaceutical company Abbvie Inc sold $30 billion of bonds on Tuesday to finance its $83-billion acquisition of Allergan Plc.

Brazilian-backed private equity group 3G Capital has submitted a bid for the elevator business of Thyssenkrupp AG , a Germany-based industrial company.

The British government has inquired of six accounting firms - PwC, Deloitte, EY, KPMG, Grant Thornton and BDO - about their ability to survive a financial shock. ($1=0.7815 pounds) (Compiled by Bengaluru newsroom)

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