Financial Times - Aug 20
Aug 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
- Labour gives green light to London City Airport expansion
- Ashtead defends potential $14 mln pay deal for chief
- Estée Lauder issues gloomy outlook as chief Fabrizio Freda announces retirement
- UK media regulator on hiring spree amid pressure to bolster online safety
- Mike Lynch among missing after yacht sinks off Sicily
- Carl Icahn hit by SEC disclosure charges after short seller attack
Overview
- The Labour government has given the green light to allow London City Airport to expand its passenger numbers by more than a third, in one of its first major decisions intended to boost growth since taking office last month.
- Equipment rental company Ashtead AHT.L has defended a planned pay deal of up to about $14 million for chief executive Brendan Horgan, despite advisory firms urging shareholders to vote against such "excessive" remuneration.
- Estée Lauder EL.N has issued a bleak outlook due to ongoing weakness in China, as the U.S. beauty group announced its chief executive Fabrizio Freda plans to retire after nearly 15 years.
- Britain's communications regulator Ofcom is ramping up hiring for its online safety workforce as concerns rise that the regulator lacks sufficient powers to curb the kinds of misinformation that sparked recent violent unrest in the UK.
- Mike Lynch, one of the UK's best-known tech entrepreneurs, is among those missing after a luxury yacht sank off the coast of Sicily in bad weather.
- Carl Icahn, one of Wall Street's most prominent activist investors, and his firm Icahn Enterprises LP (IEP) IEP.O have agreed to settle U.S. regulatory charges that they failed to disclose the billionaire had pledged company securities as collateral for personal loans.
(Compiled by Bengaluru newsroom)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
