Press Digest: Financial Times - July 10

Krka dd Novo Mesto

10/07/2014 24:57

July 10 (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 
     
    AbbVie retraction shows panel has teeth 
    (http://on.ft.com/1r99c1T) 
     
    Citi to pay $7 bln to resolve U.S. probe 
    (http://on.ft.com/1rU46Ju) 
     
    Lufthansa considers launching low-cost long-haul service 
    (http://on.ft.com/1qKUlLN) 
     
    European regulators fine Servier of France 
    (http://on.ft.com/1jqRFT7) 
     
    UK's Financial Conduct Authority sets sights on 
high-frequency traders 
    (http://on.ft.com/VLE8L3) 
     
    Aldi and Lidl lead charge of discount supermarkets 
    (http://on.ft.com/1rU3l2Z) 
     
    Peer-to-peer lender wins landmark rating 
    (http://on.ft.com/1oCSLIL) 
     
    Overview 
     
    AbbVie  ABBV.N  Chief Executive Richard Gonzalez was on 
Wednesday forced to retract comments made by him while 
discussing shareholder support for the U.S. drugmaker' s 30 
billion pound ($51.1 billion) bid for Shire  SHP.L  after being 
caught out by British takeover rules. 
     
    Citigroup Inc  C.N  is close to shelling out more than $7 
billion to resolve a long-running investigation by the U.S. 
government into its sale of mortgage-backed securities, 
according to people familiar with the matter. 
     
    Germany's Lufthansa  LHAG.DE  may launch a no-frills 
long-haul airline as part of wider plans by the company to stave 
off competition from low-cost and Middle Eastern carriers. 
     
    European Union antitrust regulators fined have fined six 
drugmakers including France's Servier a whopping 428 million 
euros ($583.8 million) for blocking the entry of cheaper generic 
competition to an expensive branded drug. 
     
    Britain's financial watchdog is launching a review of 
competition in the wholesale securities market as it eyes the 
practices used by high-frequency traders to get ahead on other 
investors. 
 
    Germany's Aldi  ALDIEI.UL  is the global leader among 
discount food retailers that offer limited assortment grocery.  
Schwarz, which owns Lidl  LIDUK.UL , took second place, 
according to a study by research firm Planet Retail. 
     
    A cross-selection of peer-to-peer (P2P) loans has gotten a 
credit rating from Standard & Poor's, marking the first time 
that a major credit rating agency has agreed to formally 
evaluate a securitisation from the fast-growing P2P sector. 
($1 = 0.5877 British Pounds) 
($1 = 0.7331 Euros) 
 
 (Compiled by Esha Vaish; Editing by Lisa Shumaker) 
 ((esha.vaish@thomsonreuters.com)(within UK +44 20 7542 1810, 
outside UK +91 80 6749 1136)(Reuters Messaging: 
esha.vaish.thomsonreuters.com@reuters.net)) 
 
Keywords: BRITAIN PRESS/FT