• Wednesday newspaper round-up: Entain, Invesco, Deltic Energy

  Wednesday 12 Jun 2024

  (Sharecast News) - The owner of South West Water has warned that global heating will increase the risk of outbreaks of the parasite that caused diarrhoea and vomiting in south Devon. Pennon Group said that "gradual and significant increasing average and high temperatures" could pose "risks to water quality and water treatment" - including the cryptosporidium parasite - in its annual report, published this week. - Guardian

• Tuesday newspaper round-up: Asda, Apple, Elon Musk

  Tuesday 11 Jun 2024

  (Sharecast News) - One in three Asda staff have been attacked at work, according to research that included reports of workers being stabbed, punched and threatened with syringes. The poll of almost 1,000 members of GMB, one of the UK's biggest unions, returned stories of delivery drivers being chased by people in cars, while store workers had food thrown at them. More than half (58%) of respondents said they had suffered injury or illness on the job. - Guardian

• Monday newspaper round-up: Macron, THG, LSE Group

  Monday 10 Jun 2024

  (Sharecast News) - France's president, Emmanuel Macron, has been accused of gambling with French democracy after announcing that he will dissolve parliament and call snap legislative elections in the wake of his allies' crushing defeat to Marine Le Pen's far-right National Rally (RN) in Sunday's European parliament elections. - Guardian

• Sunday newspaper round-up: Tax increases, Ashtead, Stamp duty

  Sunday 09 Jun 2024

  (Sharecast News) - Tax increases worth £800 per year for the average household are on the way regardless of who comes out on top in the next general election, the Resolution Foundation says. Measures that have already been announced thus far will raise the tax haul by roughly £23bn by 2028-29. That is because freezing extant tax rates drives higher revenue for the Treasury. None of the two main parties has pledged to do away with a six-year freeze on income tax and national insurance thresholds or the coming spring's reversal of temporary reductions in business rates, fuel duty, stamp duty or land tax. - Guardian

• Friday newspaper round-up: Boohoo, Post Office, Mike Lynch

  Friday 07 Jun 2024

  (Sharecast News) - A group of investors in Boohoo are seeking more than £100m in compensation from the online fashion specialist after reports in 2020 alleging its suppliers in Leicester were mistreating workers caused its share price to plummet. Shares in Boohoo dived more than 40% over several days, wiping more than £1.5bn off its valuation, after a 2020 Sunday Times report of labour rights violations at the group's suppliers' factories in Leicester suggested some workers were paid as little as £3.50 an hour, well below the legal minimum wage. - Guardian

• Thursday newspaper round-up: Nvidia, Rishi Sunak, M&S

  Thursday 06 Jun 2024

  (Sharecast News) - Shares of Nvidia rallied to record highs on Wednesday, with the artificial-intelligence chipmaker's stock market valuation hitting the $3tn mark and overtaking Apple to become the world's second most valuable company. The chipmaker's stock was up 5.16% at $1,224.40, giving Nvidia a market value of $3.01tn at market close. Apple's market capitalization was at $3.00tn at market close as its stock climbed 0.78%. - Guardian

• Wednesday newspaper round-up: Airbus, Tesco, Royal Mail, Mike Lynch

  Wednesday 05 Jun 2024

  (Sharecast News) - Britain's next government will need to fill a shortfall of up to £33bn in the public finances unless it is prepared to push through a fresh round of severe austerity measures, a thinktank has warned. The Resolution Foundation said the debate between Labour and the Conservatives over the funding of specific pledges was "detached from reality", with election promises based on cuts that would be hard to deliver. - Guardian

• Tuesday newspaper round-up: Consumer spending, Nick Train, Sam Altman

  Tuesday 04 Jun 2024

  (Sharecast News) - Consumer spending growth is at its weakest in more than three years as higher council tax bills and the rising cost of broadband and mobile phones eat into household budgets, a report has said. The monthly snapshot of credit and debit card activity from Barclays found an improvement in consumer confidence as a result of falling inflation was not leading to a pickup in spending. - Guardian

• Monday newspaper round-up: HSBC, Shein, Nvidia

  Monday 03 Jun 2024

  (Sharecast News) - Union leaders are preparing to ramp up industrial action at two south Wales steelworks, in a further escalation of a row over almost 3,000 job losses that threatens to become a big general election issue. Unite said such moves at the Port Talbot and Llanwern works are planned after the sites' Indian owner, Tata Steel, threatened to cut redundancy pay as a response to members voting for an overtime ban. - Guardian

• Sunday newspaper round-up: Copper, Boeing, OPEC+

  Sunday 02 Jun 2024

  (Sharecast News) - Analysts believe that copper prices might fall sharply if the US central bank starts lowering interest rates. According to analysts at Liberum that is because once prices are brought under control and the Fed starts cutting rates the metal will lose its attractiveness as an inflation hedge. An increasing number of analysts also believe that an increased need for copper on account of the green revolution has already been priced in. - The Financial Mail on Sunday

• Friday newspaper round-up: Royal Mail, fossil fuels, Anglo American

  Friday 31 May 2024

  (Sharecast News) - The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), said that the potential takeover by the Czech billionaire Daniel Křetínský should provide a moment to overhaul how the company is structured, which could mirror that of US-style public benefit corporations. - Guardian

• Thursday newspaper round-up: Sony Music, Royal Mail, house prices

  Thursday 30 May 2024

  (Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - Guardian

• Wednesday newspaper round-up: Ryan Salame, Ocado, Shell

  Wednesday 29 May 2024

  (Sharecast News) - The next government should force all tradespeople who install home heat pumps, solar panels and insulation to sign up to a mandatory accreditation scheme to counter mistrust in the industry, a leading consumer group is demanding. A report from Which? found that households face "significant anxiety" in choosing tradespeople to fit low-carbon heating systems, such as heat pumps, and insulation after "press stories about poor work and rogue traders". - Guardian

• Tuesday newspaper round-up: Ofwat, Facebook, Deutsche Bank

  Tuesday 28 May 2024

  (Sharecast News) - Ofwat is poised to refuse most water companies' requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned. The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector. - Guardian

• Sunday newspaper round-up: Natwest, Shein, Nationwide

  Sunday 26 May 2024

  (Sharecast News) - NatWest may not be selling shares to the public any time soon following the prime minister's decision to call an election on 4 July. The Treasury has said that an offer will not occur during the election period and Labour has not confirmed whether it would revive plans for the sale should it win. The sale had been expected to take place in June. - The Sunday Times

• Friday newspaper round-up: Energy price cap, Mike Lynch, News Corp

  Friday 24 May 2024

  (Sharecast News) - The energy price cap in Great Britain will fall to the equivalent of £1,568,a year this summer after a drop in wholesale gas prices. Set by the energy regulator, Ofgem, the cap reflects the average annual dual-fuel bill for 29m households and takes effect from July until the end of September. The cap, which is set quarterly, will fall £122 in July from its current level of £1,690, easing the pressure on household finances. - Guardian

• Thursday newspaper round-up: Mike Lynch, smart meters, Very Group

  Thursday 23 May 2024

  (Sharecast News) - San Francisco federal courthouse on Thursday as a key witness in his own criminal fraud trial, which began in March. US authorities have charged the former software tycoon with 16 counts of wire fraud, securities fraud and conspiracy relating to his company's acquisition deal with Hewlett-Packard in 2011. If convicted, Lynch faces up to 25 years in prison. He has pleaded not guilty. - Guardian

• Wednesday newspaper round-up: Anglesey power station, electric cars, Eurostar passengers

  Wednesday 22 May 2024

  (Sharecast News) - Ministers have earmarked north Wales as the site of a large-scale nuclear power plant, which is part of plans to resuscitate Britain's nuclear power ambitions. Wylfa on Anglesey (Ynys Môn) has been named as the preferred site for the UK's third major nuclear power plant in a generation, coming after EDF's Hinkley Point C nuclear plant, which is under construction in Somerset, and its Sizewell C nuclear project planned for Suffolk. - Guardian

• Tuesday newspaper round-up: New homes, AI, Mike Ashley

  Tuesday 21 May 2024

  (Sharecast News) - A Labour government would aim to announce the sites for a series of new towns within a year of taking office, with the promise that homes would be built in them by the end of a first term, Angela Rayner is to say in a speech. Giving more detail to a plan first outlined in Keir Starmer's party conference speech in October, Rayner will tell a housing conference that Labour will strongly support private developers who create high-quality and affordable housing. - Guardian

• Monday newspaper round-up: Border checks, house prices, apprenticeships

  Monday 20 May 2024

  (Sharecast News) - Post-Brexit border checks will cost UK businesses £470m a year, the government's public spending watchdog has said. Plans to bring in border checks on goods coming from the EU faced "significant issues" including critical shortages of inspectors before their introduction last month, the National Audit Office said in a report. - Guardian

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