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PRESS DIGEST- Financial Times - July 14
July 14, 2017 / 12:36 AM / 7 days ago

PRESS DIGEST- Financial Times - July 14

2 Min Read

July 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

* Saudi Aramco in sights, FCA opens door to foreign listings on.ft.com/2tOCDiU

* Pimco's assets under management jump 6.6 pct in Q2 on.ft.com/2tOpZ3K

* FanDuel and DraftKings scrap merger plan after opposition on.ft.com/2tOUOVV

* Fox-Sky takeover heads for full competition inquiry on.ft.com/2tP1dQZ

Overview

- FCA is proposing to exempt state-controlled companies from some of the protections investors gain when a company seeks a premium listing in the UK. This comes as London vies with New York to host Saudi Aramco's IPO.

- Pimco's assets under management jumped 6.6 percent to $1.61 trillion in the second quarter benefiting from the swelling demand for fixed income.

- The two largest U.S. daily fantasy sports sites, Fanduel and DraftKings, have scrapped their plans to merge after competition authorities hinted at an opposition to the deal.

- Twenty-first Century Fox denied making a fresh offer to Sky News, almost certainly triggering a full inquiry by the British competition authorities. Fox was to takeover Sky for 11.7 billion pounds. (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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