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Tuesday newspaper round-up: Viagogo, Boeing, Goldman, Lloyds

By Michele Maatouk

Date: Tuesday 19 Mar 2019

Tuesday newspaper round-up: Viagogo, Boeing, Goldman, Lloyds

(Sharecast News) - A committee of MPs has taken the highly unusual step of urging consumers to boycott the ticket resale firm Viagogo, criticising Google for promoting the website and calling for a review of laws against ticket touting. In a report on the live music industry, the Digital, Culture, Media and Sport select committee criticised Viagogo for "misleading" consumers, many of whom stumbled upon the site via paid-for ads on Google. - Guardian
US federal prosecutors and regulators have opened an inquiry into the development of Boeing 737 Max airplanes following two fatal crashes, a move that comes as scrutiny is mounting over Boeing and the US's top aviation regulator's role in certifying the aircraft. The Department of Transportation inquiry, issued by grand jury in Washington DC on 11 March and first reported by the Wall Street Journal, includes an unusual subpoena from the justice department's criminal division seeking documents, including correspondence, emails and other messages related to the 737 Max's development. - Guardian

Bank bosses at Goldman Sachs could see their pay packets slashed or lose out on high-profile promotions if they do not help the banking giant become more diverse. The bank, which is fighting to change its reputation as a bullish old boys' club, told its 36,000 staff on Monday that two candidates from diverse backgrounds now need to be interviewed for every role and that senior leaders will be held accountable for progress. - Telegraph

Government spending on the cloud is expected to hit new highs this year, as figures show it has ballooned to more than £1bn annually in recent years. Public sector bodies are on track to spend as much as £1.3bn on cloud services in the year to end April, according to industry experts. - Telegraph

António Horta-Osório has been criticised by staff at Lloyds Banking Group for being the only employee at the company who is entitled to a pension based on his final salary. Lloyds is facing a possible showdown with shareholders over plans to pay its chief executive and incoming finance chief pension contributions that potentially break the spirit of new guidelines intended to align the interests of company bosses with their staff. -The Times

Four people have been arrested after the Serious Fraud Office opened an investigation into a collapsed investment firm that had raised £236 million from 11,600 savers. The SFO disclosed yesterday that it and the Financial Conduct Authority were investigating individuals associated with London Capital & Finance. - The Times





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