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  • Wednesday newspaper round-up: Tideway, cyclists, corporate insolvencies

    Wednesday 17 Aug 2022

    (Sharecast News) - The executive overseeing construction of London's "super sewer" under the Thames has been awarded bonuses that doubled his pay to nearly £1m despite delays and cost over-runs on the flagship project. With executive pay in the water industry already under scrutiny, Tideway has revealed it paid its chief executive, Andy Mitchell, a total package of £928,000 for the year to 31 March 2022, up 7.5% from £863,000 a year earlier. - Guardian

  • Tuesday newspaper round-up: Heathrow, Thungela Resources, Ted Baker

    Tuesday 16 Aug 2022

    (Sharecast News) - Water company bosses should be stripped of their multimillion-pound bonuses until they fix leaks and build reservoirs, politicians and campaigners have said as the country is gripped by drought. With parts of England the driest they have been since records began - after five months of below-average rainfall - some homes have run out of water, rivers have turned dry and farmers are facing crop failures. Many are outraged at the companies for failing to invest in reservoirs, fix leaks and stop sewage pollution from their pipes. - Guardian

  • Monday newspaper round-up: Amazon, Saudi Aramco, Victoria

    Monday 15 Aug 2022

    (Sharecast News) - Amazon could be off the hook for tax in the UK for at least two more years after benefiting from reliefs brought in by Rishi Sunak during the pandemic, a report suggests. The research from the Fair Tax Foundation indicates that the US tech company claimed more than £800m in capital allowances - business expenses that can be offset against profits - in 2021, £500m more than in 2020. - Guardian

  • Sunday newspaper round-up: Energy tariffs, Bank of England, IAG

    Sunday 14 Aug 2022

    (Sharecast News) - Scottish Power and Eon have called for a special fund to be created that would allow customers' bills to be frozen for two years and to spread the cost of the natural gas price crisis over ten years or more. According to Scottish Power boss, Keith Anderson, "unprecedented times call for unprecedented action". UK families on default energy tariffs are staring at a surge in their annual bills from £1,971 to around £3,582 from 1 October when the new price cap set by Ofgem - and which is due to be announced on 26 August - is due to go into effect. The proposed 'deficit fund' would be backed by a government guarantee, allowing it to borrow billions from lenders such as Barclays, who had expressed interest in a prior similar proposal. - The Sunday Times

  • Friday newspaper round-up: Energy bills, John Lewis, EDF, HSBC

    Friday 12 Aug 2022

    (Sharecast News) - Ministers have been warned that energy bills will cost more than two month's wages next year unless new help is given to households, as the chancellor, Nadhim Zahawi, told firms they must invest their "extraordinary" profits or face the threat of further taxation. The TUC ramped up calls for the government to cancel the October energy price cap rise, saying the cost of living crisis this winter was an "emergency of pandemic scale". - Guardian

  • Thursday newspaper round-up: Disney, Russian airlines, renters

    Thursday 11 Aug 2022

    (Sharecast News) - Walt Disney edged past Netflix with a total of 221 million streaming subscribers at the end of the most recent quarter and announced it will launch a Disney+ option with advertising this December. In the just-ended quarter, Disney+ added 14.4 million Disney+ customers, beating the consensus of 10 million expected by analysts polled by FactSet, as it released Star Wars series Obi-Wan Kenobi and Marvel's Ms Marvel. - Guardian

  • Wednesday newspaper round-up: Elon Musk, stealth raid, EDF

    Wednesday 10 Aug 2022

    (Sharecast News) - Elon Musk has sold $6.9bn (£5.7bn) worth of shares in Tesla after admitting that he could need the funds if he loses a legal battle with Twitter and is forced to buy the social media platform. The Tesla CEO walked away from a $44bn deal to buy Twitter in July but the company has launched a lawsuit demanding that he complete the deal. A trial will take place in Delaware in October. - Guardian

  • Tuesday newspaper round-up: Retailers, luxury rents, IBM

    Tuesday 09 Aug 2022

    (Sharecast News) - July could be the "lull before the storm" for retailers and consumers after the heatwave boosted sales of summer clothing, picnic treats and electric fans despite the intensifying cost of living crisis, experts have warned. Figures from the British Retail Consortium (BRC) revealed a 2.3% sales rise last month compared with a 6.4% rise the year before. The latest BRC-KPMG sales monitor found the sales growth was largely caused by inflation, which is at more than 9%, and masked a larger drop in the number of items sold. - Guardian

  • Monday newspaper round-up: City workers, energy bills, National Grid

    Monday 08 Aug 2022

    (Sharecast News) - City workers received double-digit wage rises while people on the lowest incomes were paid annual increases of just 1% in the last year, according to a study that illustrates the ability of better-paid workers to protect themselves from the cost of living crisis. The CEBR (Centre for Economics and Business Research) said workers in the banking and insurance sector had secured inflation-busting increases together with lawyers, accountants and professional services staff, mainly among those working in London's financial district. - Guardian

  • Sunday newspaper round-up: Globalisation, Bank of England, Next

    Sunday 07 Aug 2022

    (Sharecast News) - The Bank of England has blamed, not without reason, Vladimir Putin's murderous invasion of Ukraine and the attendant energy price shock for much of the current spike in prices. Yet any chief executive worthy of the job should be preparing against the risk of another shock, that brought on from Western disengagement from China. The price stability of the last 30 years was in large measure the result of the disinflation resulting from technology and globalisation. The West in effect traded its economic resilience for cheap prices and the supposed efficiencies of 'just-in-time' global supply chains. - The Sunday Telegraph

  • Friday newspaper round-up: Twitter, Diageo, Meta

    Friday 05 Aug 2022

    (Sharecast News) - British taxpayers are now shareholders in a further 65 companies because of a government rescue funding scheme set up during the Covid crisis - including a medical cannabis firm, a video game studio and a chain of bars offering activities like ping pong. A list published by the government's development bank reveals an eclectic range of firms that have received convertible loans as part of the Future Fund. - Guardian

  • Thursday newspaper round-up: Telecoms bills, Dyson, Ocado, Elon Musk

    Thursday 04 Aug 2022

    (Sharecast News) - Almost 6 million UK households are struggling to pay their mobile, landline and broadband bills, with the cost of living squeeze forcing many to cut back on essentials such as food and clothes, cancel or change a service, or miss payments to stay connected. A report from the consumer group Which? estimates that 5.7 million households have experienced at least one "affordability issue" in April, as cash-strapped homes struggle to cope with soaring bills and other costs. - Guardian

  • Wednesday newspaper round-up: Petrol prices, Robinhood, Cazoo

    Wednesday 03 Aug 2022

    (Sharecast News) - Petrol prices at the pumps are not falling fast enough and in line with wholesale price drops, according to the RAC. Over the last eight weeks, the average price paid for unleaded by drivers across the UK has only dropped by 9p a litre- all of which came off in July - despite wholesale petrol prices falling by 20p in the same time period. - Guardian

  • Tuesday newspaper round-up: Gazprom, JCB, taxes, HSBC

    Tuesday 02 Aug 2022

    (Sharecast News) - The daily gas production of Russia's Gazprom dropped in July to its lowest level since 2008, figures suggest, amid continued fears that Moscow could cause an energy crisis in Europe by shutting off the supply. The state-owned energy firm pumped 774 million cubic metres a day last month - 14% less than in June - according to analysis by Bloomberg of data released on Monday. - Guardian

  • Monday newspaper round-up: BT Group, Business rates, Small business

    Monday 01 Aug 2022

    (Sharecast News) - Thousands of BT and Openreach workers will go on strike again on Monday in a dispute over pay. Members of the Communication Workers Union (CWU), including call centre workers and engineers, will hold a 24-hour strike, after similar action on Friday. The union will mount picket lines outside company offices across the UK and is asking people to bring food, which it will deliver to local food banks. - Guardian

  • Sunday newspaper round-up: Ukraine, HSBC, Quilter

    Monday 01 Aug 2022

    (Sharecast News) - Ukrainian President, Volodymyr Zelensky, issued a warning at the weekend that the war with Russia might halve Ukraine's harvest. Even so, Zelensky sounded a confident note, arguing that alternative ways were being found for grains to be delivered. John Rich, the Australian chairman of MHP, Ukraine's biggest agricultural produce company, was much more cautious. Rich also contradicted remarks from Lloyd's of London's boss during the previous week that the insurance market would underwrite the dangerous sea transit of millions of tonnes of grain through mine-laden waters. - Sunday Telegraph

  • Friday newspaper round-up: Liz Truss, Taiwan, Russia

    Friday 29 Jul 2022

    (Sharecast News) - Ben Wallace has endorsed Liz Truss for the Tory leadership and said she is the "only candidate" with the experience to lead the nation from day one in the job. Writing in The Times, the defence secretary said that he was backing Truss because she is "straight and means what she says". "Liz Truss is a winner not because she's a slick salesperson but because she is authentic," he adds. - The Times

  • Thursday newspaper round-up: Exporters, UK car industry, Phoenix Group

    Thursday 28 Jul 2022

    (Sharecast News) - Britain's exporters have seen their overseas trade stagnate over the past year despite strong growth in domestic demand for their products and booming export markets, according to a survey. The British Chambers of Commerce (BCC) said that a survey of 2,600 exporters found a quarter had suffered a fall in exports and another 46% reported no change. - Guardian

  • Wednesday newspaper round-up: Train strikes, Randox, Google, Credit Suisse

    Wednesday 27 Jul 2022

    (Sharecast News) - The railways will again grind to a halt on Wednesday as workers strike over pay, job security and working conditions. The latest talks to avert the action failed last week, a month since three days of industrial action in June. The strikes involve more than 40,000 workers at Network Rail, 14 train companies, and members of the Rail, Maritime and Transport union (RMT). - Guardian

  • Tuesday newspaper round-up: Energy bills, Amazon, Sunak

    Tuesday 26 Jul 2022

    (Sharecast News) - Millions of people will be plunged into "unmanageable" debt this winter unless the government comes up with more support for those struggling to pay their energy bills, MPs have warned. - Guardian

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