Press Digest: Financial Times - June 18
PRESS DIGEST-Financial Times - June 18 June 18 (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
JLR to target US 'millionaires and billionaires' with hybrid and petrol cars
Diageo boss Dave Lewis orders executives to cut jobs as restructuring kicks off
Billionaire trader Alex Gerko loses tax appeal at UK Supreme Court
Rheinmetall to partner with US satellite group to boost German intelligence capabilities
Overview
The boss of Jaguar Land Rover TAMO.NS has said there is "no way" the British carmaker will phase out its petrol vehicles as it expands its hybrid offerings to capture the "biggest growth opportunity" in the US.
Diageo's DGE.L new chief Dave Lewis has instructed his top executives to cut headcount and other costs in their departments, as the turnaround veteran kicks off a significant restructuring of the troubled spirits group.
Billionaire Alex Gerko has lost a long-running legal battle over the tax treatment of profits made by individual traders with UK's Supreme Court ruling that traders should pay income tax on their share of trading profits, a point that Gerko had previously argued would result in "massive double taxation".
A top provider of commercial satellite imagery that was blocked by the US from providing some data services to Ukraine is set to bid with Rheinmetall RHMG.DE for contracts to build Germany's intelligence capabilities.
(Compiled by Bengaluru newsroom)