Press Digest: Financial Times - Aug 3

Gam Holding AG

03/08/2023 01:46

Aug 3 (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
    - UK tax authorities pursue Uber in widening VAT dispute
    - GAM makes last-ditch effort to win support for Liontrust
rescue deal
    - Wizz Air investors approve chief executive's bonus package
extension plan
    - Airbus forms joint venture in bid to replace International
Space Station
    - UK 'absolutely committed' to net zero, says Shapps
    
    Overview
    - Uber  UBER.N  said it paid 386 million pounds ($490
million) to British tax authorities as part of a dispute over
how the ride-sharing app applies value-added tax to trips made
in the UK.
    - Swedish asset manager GAM Holding  GAMH.S  has made a
fresh attempt to assuage shareholder concerns over its takeover
offer from UK asset manager Liontrust  LIO.L  that it says is
essential to its survival.
    - Investors in Wizz Air  WIZZ.L  approved plans to give its
chief executive an additional two years to unlock a bonus of 100
million pounds ($127.14 million), despite a sizeable opposition
at the low-cost carrier's annual meeting.
    - France's Airbus  AIR.PA  is forming a joint venture with
U.S. start-up Voyager to compete to build a replacement for the
International Space Station, an internationally funded
laboratory in space that is due to be decommissioned by the end
of the decade.
    - The UK energy secretary, Grant Shapps, has reassured
industry leaders that the government remains "absolutely
committed" to hitting its net zero carbon targets by 2050, in
spite of recent controversy over its intentions.

($1 = 0.7865 pounds)

 (Compiled by Bengaluru newsroom)
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