PRESS DIGEST - Financial Times - April 16

April 16 Mon Apr 15, 2013 7:12pm EDT

April 16 (Reuters) - Headlines

Dish muscles in on Sprint with $25 bln bid ()

Gold hit by sharpest tumble in 30 years ()

Royalty Pharma raises offer for Elan ()

Axa UK to stop offering financial advice () Soriot package opposed by pension funds ()

French ministers reveal their wealth ()

Trafigura staffnet $1.6 blnin share deal ()

Overview Dish Network the No. 2 U.S. satellite television provider, launched a bold $25.5 billion offer to buy Sprint Nextel Corp, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank

Gold suffered its sharpest fall since the 1980s, sparking fears among investors that the precious metal's decade-long bull run has ended.

U.S. investment firm Royalty Pharma sweetened its bid for Irish drugmaker Elan Corp, on Monday, offering worth as much as $12 per share for the developer of multiple sclerosis drug Tysabri.

The British arm of French insurance group AXA said it would stop offering face-to-face financial advice across bank branches this year. A group that represents local pension funds in Britain is recommending that its members vote against the pay package of AstraZeneca's new chief executive.

France's Socialist government contains eight millionaires, a list of ministers' personal assets showed on Monday. Global commodities trader Trafigura handed about $1.6 billion to its senior employees in the past three years by buying back their shares, according to financial statements revealed in a bond prospectus.

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