Press Digest: Financial Times - Aug 20

Icahn Enterprises LP

20/08/2024 04:41

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)
 ((globalnewsmonitoring@thomsonreuters.com))