Top Financial Times Stories: Airport Expansion, CEO Pay Deals, and Regulatory Changes

The Financial Times highlights key stories, including Labour approving London City Airport's expansion, Ashtead's CEO pay deal controversy, Estée Lauder's CEO retirement amid a gloomy outlook, Ofcom's hiring spree, and missing tech entrepreneur Mike Lynch. Additionally, Carl Icahn faces SEC charges post-short seller attack.

The Labour government greenlights London City Airport's expansion, aiming to boost passenger numbers by over a third in a move to stimulate growth.

Equipment rental giant Ashtead faces criticism over a proposed $14 million pay deal for its CEO, Brendan Horgan. Advisory firms label the remuneration as 'excessive.'

Estée Lauder forecasts a bleak future due to continuing struggles in China and announces its CEO, Fabrizio Freda, will retire after 15 years of leadership.

To combat misinformation, the UK media regulator Ofcom is increasing its workforce to enhance online safety measures.

Tech entrepreneur Mike Lynch is missing after his yacht sank off Sicily, and Wall Street's Carl Icahn settles SEC charges related to undisclosed securities pledges.

(With inputs from agencies.)