February 3, 2017 / 12:30 AM / 6 months ago

PRESS DIGEST- Financial Times - Feb 3

2 Min Read

Feb 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

* Snap lays out plans for $3 bln IPO filing. on.ft.com/2jJ9Bch

* Uber chief Travis Kalanick quits Trump business council. on.ft.com/2jIW8S2

* 'Costly and unfair' tax differences need reform, says think-tank. on.ft.com/2jIOWFr

Overview

* Snap Inc, owner of popular messaging service Snapchat, made many of its financial details public for the first time on Thursday, as it prepared to raise up to $3 billion in an initial public offering in New York that is expected to come in March.

* Uber Technologies Inc Chief Executive Officer Travis Kalanick, facing criticism from immigration advocates for serving on President Donald Trump's business advisory group, quit the group on Thursday, the company said.

* The Institute for Fiscal Studies, a think tank, said that the United Kingdom needs more reforms to tackle "costly, inefficient and unfair" differences in the way the self-employed, owner-managers and employees are taxed.

Compiled by Parikshit Mishra in Bengaluru; Editing by Sandra Maler

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