PRESS DIGEST-Financial Times - February 12

Feb 12 (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

- BP cash bonus to be paid at 45% of target after poor performance

- Entain chief steps down after 5 months in role

- Novartis agrees $3 billion deal to buy heart drug biotech from Blackstone

- EU to retaliate against US steel and aluminium tariffs

Overview

- BP BP.L has told 39,000 employees that their annual cash bonus will be paid at just 45% of target after a year of poor financial and operational performance.

- The chief executive of Ladbrokes owner Entain ENT.L, Gavin Isaacs has stepped down after just five months in the role.

- Novartis NOVN.S has agreed to acquire Anthos Therapeutics in a deal worth up to $3.1 billion, after Blackstone Life Sciences funded the biotech's development of its treatment to help prevent strokes and other serious blood clots.

- EU said it would retaliate against U.S. tariffs on European steel and aluminium exports with "firm and proportionate countermeasures", as officials in Brussels rushed to avert a trade war with Washington.