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PRESS DIGEST- Financial Times - Dec 20

Dec 20 (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

GlaxoSmithKline to break up after striking Pfizer joint venture https://on.ft.com/2QJLDTR


Santander fined 33 million pounds for failing to pass on inheritances https://on.ft.com/2QDzS1b


Amber Rudd says second vote 'plausible' if May Brexit deal dies https://on.ft.com/2QIW0Y0



Overview

GlaxoSmithKline Plc revealed its plan to split its businesses into two, after forming a joint venture with its U.S. rival Pfizer Inc.


The UK financial regulator said it had fined Santander UK Plc with 33 million pounds ($41.64 million), after the bank failed to transfer funds to beneficiaries of customers who had died.


UK work and pensions secretary Amber Rudd said a second vote could become "plausible" if parliament dismisses Prime Minister Theresa May's Brexit deal with the European Union.


($1 = 0.7925 pounds) (Compiled by Bengaluru newsroom; Editing by Sandra Maler)