Press Digest: Financial Times - June 13

Credit Suisse AG

13/06/2023 24:50

June 13 (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
    - FTC asks US court to block Microsoft-Activision Blizzard
deal
    
    - UK sportswear group Frasers buys stake in AO World
    
    - Five senior Credit Suisse executives leave after UBS
takeover
    
    - Union opens door to axing Heathrow summer strikes after
higher pay offer

    
    Overview
    - The U.S. Federal Trade Commission has asked a federal
court to stop Microsoft  MSFT.O  from closing its acquisition of
Activision Blizzard  ATVI.O .
    
    - British sportswear and fashion retailer Frasers Group
 FRAS.L  has bought a 75 million pound ($93.83 million) stake in
online electrical goods retailer AO World  AO.L  from Odey Asset
Management.
    
    - UBS AG  UBSG.S  announced the departure of five of the
most senior Credit Suisse  CSGN.S  executives just hours after
sealing the official takeover of its Swiss rival, with Chief
financial officer Dixit Joshi and general counsel Markus
Diethelm among those leaving.
    
    - A month's worth of strikes over pay at London's Heathrow
airport during the peak summer period could be scrapped after
Britain's Unite union axed two walkouts.


($1 = 0.7994 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))