PRESS DIGEST- Financial Times - Aug 21
Aug 21 (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 ready to oversee insolvency of crucial part of Gupta's Liberty Steel empire
- Airbus UK workers vote to strike over pay
- North Sea operator calls for overhaul of UK windfall tax as oil prices slide
Overview
- The British government is ready to step in and oversee an imminent insolvency of a crucial part of Sanjeev Gupta's Liberty Steel business should it be necessary, London's High Court has heard.
- Airbus AIR.PA faces strikes at its UK factories from next month after thousands of workers voted in favour of industrial action in a dispute over pay.
- Oil and gas companies in the UK's North Sea are no longer earning "windfall" profits and their tax rates should be revised with crude prices now almost half of their 2022 peak, Ithaca Energy ITH.L has said.
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