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  • Monday newspaper round-up: Mike Lynch, London population, heat pumps

    Monday 18 Mar 2024

    (Sharecast News) - A record 6.7 million people in Britain are in financial difficulty, a campaign group has claimed, as the cost of living crisis pushes more households into debt. A survey for Debt Justice found that 13% of adults had missed three or more credit or bill payments in the last six months, a figure that rose to 29% among 18- to 24-year-olds and a quarter of 25- to 34-year-olds. - Guardian

  • Sunday newspaper round-up: Nationwide, Direct Line, Rolls-Royce

    Sunday 17 Mar 2024

    (Sharecast News) - Nationwide's bid to create the UK's second-largest savings and loans group by taking over Virgin Money may be derailed if its members get a say on whether the deal goes through or not. It would take just 500 Nationwide members depositing £50 each one to convene a special meeting and ask for a vote on the deal. Furthermore, preparations for a vote would keep Nationwide from meeting the 4 April deadline for making a binding offer under Takeover Panel rules. However, the society says that its existing legal advice is that no vote is required. - Financial Mail on Sunday

  • Friday newspaper round-up: Unilever, civil servants, Wegovy

    Friday 15 Mar 2024

    (Sharecast News) - Unilever could face a potential row with shareholders after it emerged that the new boss of the consumer goods company can earn up to €17.4m (£14.9m) this year if he hits maximum targets. Hein Schumacher, who joined the owner of Marmite, Domestos and Dove in June last year, took home €3.9m for his first six months as chief executive. He earned a €1.86m annual bonus on top of his €1.4m in basic pay and benefits, which included €292,492 to help cover his relocation to the UK, according to Unilever's annual report published on Thursday. - Guardian

  • Thursday newspaper round-up: Nestle, Halifax, Glencore

    Thursday 14 Mar 2024

    (Sharecast News) - Direct trains could next year connect Wrexham to London, with a new service capitalising on the town's Hollywood-meets-football mini-boom. The train manufacturer Alstom is bidding to set up the Wrexham, Shropshire and Midlands Railway with a promise of cheaper, more comfortable trains straight to London. - Guardian

  • Wednesday newspaper round-up: Post Office, Workplace AI, Barclays

    Wednesday 13 Mar 2024

    (Sharecast News) - Ministers will publish legislation to quash the convictions of hundreds of post office operators who were prosecuted during the Horizon scandal, marking a significant victory for victims after decades of campaigning. The legislation on Wednesday will automatically overturn convictions of theft, fraud and false accounting that were handed down in connection with Post Office business during that period. It will cover prosecutions brought by the Post Office and the Crown Prosecution Service in England and Wales between 1996 and 2018. - Guardian

  • Tuesday newspaper round-up: Thames Water, Telegraph, Xlinks

    Tuesday 12 Mar 2024

    (Sharecast News) - Thames Water has been accused of "misleading" customers after telling them that just a few pennies in every pound spent on their bills is paid to its lenders. The debt-laded firm is Britain's biggest water company, serving 16 million customers in London and the south-east of England. It has sent a breakdown of its costs in bills to customers, including spending 48p of every pound on infrastructure, 20p on the supply and treatment of water, and 3p to its lenders. - Guardian

  • Monday newspaper round-up: Thames Water, McLaren, gigafactories

    Monday 11 Mar 2024

    (Sharecast News) - Thames Water has risked a fresh backlash over its commitment to tackling sewage dumping after it declined to commit funds to a £180m industry-wide initiative to fast-track efforts to reduce pollution in England's waterways. The government said on Monday that the sum would be spent by six companies over the next 12 months to prevent more than 8,000 sewage spills, as water companies attempt to address their woeful record on tackling spills. - Guardian

  • Friday newspaper round-up: Big banks, British savers, Bet365

    Friday 08 Mar 2024

    (Sharecast News) - Jeremy Hunt and Rachel Reeves are joined in a "conspiracy of silence" over tens of billions of pounds in tough tax and spending choices, with the next government likely to inherit the toughest outlook for the public finances in 80 years, Britain's leading economics thinktank has warned. The Institute for Fiscal Studies said the chancellor's budget on Wednesday had laid the ground for "staggeringly hard choices" due after the general election for whichever party forms the next government. - Guardian

  • Thursday newspaper round-up: Green power industry, Boots, M&S

    Thursday 07 Mar 2024

    (Sharecast News) - Britain's under-pressure green power industry has received a surprise fillip after a renewables developer pledged to plough £10bn into what would become the largest portfolio of battery storage projects in the country. NatPower, a UK startup that is part of a larger European energy group, is poised to submit planning applications for three "gigaparks", with a further 10 to follow next year. - Guardian

  • Wednesday newspaper round-up: Fuel duty, Post Office, ECB

    Wednesday 06 Mar 2024

    (Sharecast News) - Retaining the fuel duty cut in the budget is a regressive policy that benefits the wealthiest in society, who will save £60 a year, while those who earn the least will save just £22, according to analysis. Jeremy Hunt is expected to announce an extension of the 5p cut in fuel duty brought in during 2022, a proposal that has won him plaudits across the rightwing press. - Guardian

  • Tuesday newspaper round-up: Mortgage reforms, JLR, Crispin Odey

    Tuesday 05 Mar 2024

    (Sharecast News) - The UK spends less on low-carbon energy policy than any other major European economy, analysis has shown, despite evidence that such spending could lower household bills and increase economic growth more than the tax cuts the government has planned. Spending on low-carbon measures for the three years from April 2020 to the end of April 2023 was about $33.3bn (£26.2bn) in total for the UK, the lowest out of the top five European economies, according to an analysis by Greenpeace of data from the International Energy Agency. - Guardian

  • Monday newspaper round-up: Regional divide, retailers, NatWest, Pfizer

    Monday 04 Mar 2024

    (Sharecast News) - Britain's sharp regional divide is on track to deepen with London's economy pulling further ahead despite the government's levelling up promises, according to a report. Ahead of Chancellor Jeremy Hunt's budget on Wednesday, the accountancy firm EY said it was forecasting stronger economic growth in London and the wider south-east of England than for the rest of the country. - Guardian

  • Sunday newspaper round-up: EasyJet, Direct Line, Cairo

    Sunday 03 Mar 2024

    (Sharecast News) - EasyJet founder Sir Stelios Haji.Ioannou has called time on his long-running feud with the "scoundrels" running the carrier. Haji-Ioannou has admitted that his war with easyJet boss Johan Lundgren was motivated by his fear that it would not get through Covid-19. His latest remarks come as the company is preparing to re-enter the ranks of the FTSE 100. They also come after attempts by easyJet to fill the gap in the market left by the collapse of Monarch and Thomas Cook, with Lundgren and chairman Stephen Hester having tried to shift focus towards selling holidays instead of just flights. - The Sunday Times

  • Friday newspaper round-up: Boeing, mortgages, ISAs

    Friday 01 Mar 2024

    (Sharecast News) - Boeing said on Thursday it had reached a $51m settlement with the US state department for numerous export violations including Chinese employees in China improperly downloading documents related to US Pentagon programs. The state department said from 2013 through 2017 three Chinese employees at Boeing facilities in China downloaded technical data involving programs including the F-18, F-15 and F-22 fighter jets, the E-3 airborne warning and control system, the AH-64 Apache attack helicopter and the AGM84E cruise missile. - Guardian

  • Thursday newspaper round-up: Non-dom rules, Dyson, Skipton

    Thursday 29 Feb 2024

    (Sharecast News) - Jeremy Hunt is considering scrapping Britain's non-domiciled tax rules in next week's budget, it has been reported, in a move that would see him poach one of Labour's key fiscal policies. The decision is understood to be on a list of revenue-generating options drawn up for the chancellor and Rishi Sunak after economic estimates left them with less money than expected for tax cuts or spending pledges. - Guardian

  • Wednesday newspaper round-up: HMRC, Chinese EVs, Klarna

    Wednesday 28 Feb 2024

    (Sharecast News) - Customer service levels at HM Revenue and Customs have sunk to an "all-time low", parliament's spending watchdog has said. Users regularly encounter long call-waiting times as the tax department apparently struggles to cope with demand, a report by the cross-party public accounts committee (PAC) has found. As demands on HMRC grow, the authority has not been given the resources needed to staff its phone lines, the report said. - Guardian

  • Tuesday newspaper round-up: Post Office, The Telegraph, Homebase

    Tuesday 27 Feb 2024

    (Sharecast News) - A top US antitrust watchdog sued to block the country's largest-ever supermarket merger on Monday, alleging the deal would raise prices for millions of shoppers. The Federal Trade Commission argued that Kroger's $24.6bn takeover of rival grocer Albertsons would narrow consumer choice and weaken the quality of products on shelves. - Guardian

  • Monday newspaper round-up: Ryanair, retailers, solar farms

    Monday 26 Feb 2024

    (Sharecast News) - Peak summer air fares in Europe are likely to rise again this year by up to 10%, according to Ryanair, as problems with aircraft at Boeing and Airbus leave customers scrambling for seats. The increase would come on top of the sharp post-pandemic rise in holiday flight prices last year when pent-up demand met limited capacity in European airlines.- Guardian

  • Sunday newspaper round-up: Rolls-Royce, Royal Mail, Discount grocers

    Sunday 25 Feb 2024

    (Sharecast News) - Rolls-Royce boss Tufan Erginbilgic has set his eyes on the market for the engines that power narrow-body jets. Up until now, the engineer had focused on engines for wide-body jets, like those that keep the Airbus 350 or Boeing 777 in the air. But increased fuel efficiency means that the former are now increasing their range, turning them into a major and growing market that Erginbilgic wants a slice of. In remarks to the Sunday Times, he said that he is now on the look out for a partner to develop narrow-body jet engines. - The Sunday Times

  • Friday newspaper round-up: Reddit, water suppliers, Britishvolt

    Friday 23 Feb 2024

    (Sharecast News) - The billionaire businessman Mike Ashley has claimed he was the victim of "abuse" by Morgan Stanley amid a high court dispute over the investment bank's decision to impose a near $1bn (£790m) cash demand. Ashley's Frasers Group is taking legal action against the US investment bank Morgan Stanley and Denmark's Saxo Bank over the May 2021 move linked to bets placed on shares in the German retailer Hugo Boss. - Guardian

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