PRESS DIGEST- Financial Times - July 15

July 15 (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 to subsidise electric vehicle purchases as sales lag targets

- LVMH's Loro Piana placed under court administration over alleged worker exploitation

- Volvo Cars to book $1.2 billion charge on tariffs and launch delays

- UniCredit attacks Italian government's 'illegitimate' use of power over BPM bid

- Wizz Air shelves Abu Dhabi hub plans to focus on central and eastern Europe

Overview

- UK ministers are to bring back consumer subsidies for some electric vehicles through a new scheme worth 650 million pounds ($872.7 million), as they try to boost sales of battery models that still lag government targets.

- A Milan court placed Loro Piana under judicial administration for subcontracting production to suppliers that allegedly exploited workers, making the LVMH-owned cashmere brand the latest fashion house to be caught up in a series of investigations into labour rights violations.

- Volvo Cars will book a one-off charge of 11.4 billion Swedish crowns ($1.19 billion) as the Swedish group forecast smaller profits from two critical vehicle models due to U.S. President Donald Trump's car tariffs and launch delays.

- UniCredit has attacked the Italian government's intervention in its hostile takeover bid for rival Banco BPM, criticising its use of powers setting conditions for the deal as "illegitimate".

- Wizz Air has shelved plans for an operating hub in Abu Dhabi to focus on its core markets in central and eastern Europe as the low-cost carrier looks to reduce costs after a difficult two years.

($1 = 0.7448 pounds)

($1 = 9.6167 Swedish crowns)