PRESS DIGEST-Financial Times - Nov 21

Nov 21 (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


Boris Johnson puts tax breaks for high earners on back burner https://on.ft.com/35kmHFe


Private equity-led group to buy UK life sciences company for 3 bln stg https://on.ft.com/37lkOtT


HSBC set to replace investment banking chief https://on.ft.com/35mrxlq


Overview


Prime Minister Boris Johnson said on Wednesday that if Conservative Party wins election on Dec 12 they will raise the threshold for National Insurance payroll tax to 12,500 pounds ($15,487) a year.


Private equity groups Cinven, Astorg and world's third-biggest sovereign wealth fund Abu Dhabi Investment Authority will buy KKR & Co Inc's owned LGC Group for about 3 billion pounds ($3.88 billion), people close to the matter said.


HSBC Holdings PLC is planning to announce replacement for its investment bank head Samir Assaf as part of company's restructuring plan.

($1 = 0.7736 pounds) (Compiled by Bengaluru newsroom)