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Tuesday newspaper round-up: Jaguar Land Rover, gender diversity, AstraZeneca

By Michele Maatouk

Date: Tuesday 16 Jul 2019

Tuesday newspaper round-up: Jaguar Land Rover, gender diversity, AstraZeneca

(Sharecast News) - London and the southern regions of England are facing a dearth of teachers, nurses and police officers as rising rents make housing in large parts of the UK unaffordable for key public sector workers. A report by the consultancy firm PricewaterhouseCoopers said there was an urgent need to increase the supply of homes after it found that the failure of public sector pay to keep pace with soaring housing costs had made it increasingly hard for workers on modest incomes to make ends meet. - Guardian
Plans to build a 300-metre (1,000ft) skyscraper dubbed "the Tulip" in the City of London near the Thames have been thrown out by the capital's mayor, Sadiq Khan. The building, designed by Norman Foster's architectural practice, would have been the second tallest in western Europe, but its design was deemed not to be good enough for such a prime location. - Guardian

The Government will guarantee loans of £500m to Jaguar Land Rover after Britain's biggest car maker said it would develop and produce new electric vehicles in the UK. The guarantee is being provided by UK Export Finance, the state-backed credit agency, under a new "general export facility" intended to boost exports. - Telegraph

The UK's largest listed companies have been accused of "systemically failing" to improve gender diversity despite being condemned by investors and shamed by a government-backed review. Although there has been a big increase in women in non-executive positions, with just four FTSE 350 companies still having all-male boards compared to 152 in 2011, the majority of those in senior executive jobs are still men. - Telegraph

MPs are calling on Astrazeneca to pay former staff £12 million in redundancy after the collapse of the Avlon manufacturing site just over two years after it had been sold for £1 by the FTSE 100 pharmaceuticals company. They include Frank Field, chairman of the Commons' work and pensions select committee, who yesterday said that Astrazeneca should "cough up" and compared the situation with the failure of BHS after it was sold for £1 by Sir Philip Green. - The Times

An American hedge fund with a record of intervention at British companies was revealed yesterday as a substantial investor in Sports Direct, only hours after the retailer had rattled investors by delaying its annual results. Coltrane Asset Management has built a 3.29 per cent stake in Mike Ashley's Sports Direct using derivatives, the retailer disclosed last night. - The Times


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