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  • Friday newspaper round-up: Macron, Bulb Energy, Thames Water

    Friday 01 Jul 2022

    (Sharecast News) - Customer service standards have fallen to record lows at energy companies, with suppliers Utilita and Ovo Energy among the worst offenders, according to a new report. Customers have had to wait longer for their calls to be answered and have regularly been unable to get hold of their supplier, research by Citizens Advice has found. - Guardian

  • Thursday newspaper round-up: Gambling reform, Three Arrows Capital, Ocado

    Thursday 30 Jun 2022

    (Sharecast News) - Ministers' plans for reforming Britain's gambling laws were in disarray on Wednesday as a rift emerged at the top of the Conservative party over whether to ban football shirt sponsorship and impose a levy to fund addiction services. Multiple sources said the process of putting the finishing touches to a white paper on gambling reform had driven a wedge between departments and senior MPs, with the publication deadline just weeks away. - Guardian

  • Wednesday newspaper round-up: Climate crisis deal, fuel duty cut, EY

    Wednesday 29 Jun 2022

    (Sharecast News) - EU countries clinched deals on proposed laws to combat the climate crisis in the early hours of Wednesday, backing a 2035 phase-out of new fossil-fuel car sales and a multibillion-euro fund to shield poorer citizens from the costs of carbon dioxide emissions. After more than 16 hours of negotiations, environment ministers from the 27 member states agreed their joint positions on five laws, part of a broader package of measures to slash planet-heating emissions this decade. - Guardian

  • Tuesday newspaper round-up: UK telecoms industry, shop workers, BoE staff

    Tuesday 28 Jun 2022

    (Sharecast News) - The UK's biggest mobile and broadband companies have agreed a plan to help customers struggling to pay bills amid the cost of living crisis, including moves to allow switching to cheaper deals without paying a penalty. The package was agreed at a summit at Downing Street, co-chaired by the culture secretary, Nadine Dorries, and the cost of living business tsar, David Buttress, and attended by the top executives of the country's biggest telecoms firms, including BT, Virgin Media O2, Vodafone, Three, Sky and TalkTalk. - Guardian

  • Monday newspaper round-up: Sainsbury's, manufacturing, inflation

    Monday 27 Jun 2022

    (Sharecast News) - The Queen's bank, Coutts & Co, and the Coal Pensions Board have joined a group of investors backing a resolution calling for Sainsbury's to pay the independently set living wage for all staff and contracted workers. The vote at the UK's second-largest supermarket's annual shareholder meeting on 7 July will be the first on a resolution committing a UK company board to pay the living wage. ShareAction, the responsible investment campaign group, said the resolution would be a "litmus test for investors' social commitments amid the cost-of-living crisis". - Guardian

  • Friday newspaper round-up: UK chemical plants, home workers, BAE Systems

    Friday 24 Jun 2022

    (Sharecast News) - A Cheshire chemicals factory is to start capturing carbon dioxide on an industrial scale from energy generation in what is described as the UK's first major use of the emissions-reduction technology. Tata Chemicals Europe (TCE) hopes to capture 40,000 tonnes of the greenhouse gas per year, reducing its annual emissions by 10% and providing it with a supply of high-purity carbon dioxide that could be used in products ranging from glass and washing detergents to pharmaceuticals and food. - Guardian

  • Thursday newspaper round-up: BNPL, Britishvolt, Reckitt, Rolls-Royce

    Thursday 23 Jun 2022

    (Sharecast News) - Almost a third of shoppers who use buy now, pay later credit say repayments on the loans have become "unmanageable", with the cost of living crisis pushing them into a debt spiral, new research has found. Consumers are spending more via the controversial form of credit, with shoppers who use BNPL now paying off an average of 4.8 purchases - almost double the 2.6 purchases in February, the research found. The average BNPL user's outstanding balance currently stands at 254.` - Guardian

  • Wednesday newspaper round-up: Average UK pay, Brexit, Pendragon

    Wednesday 22 Jun 2022

    (Sharecast News) - Annual pay growth stalled at 4% in May, leaving most workers with a rise in earnings worth less than half the 9% increase in prices. Figures from XpertHR, a pay and personnel data publisher, said employer pay deals for the three months to May failed to increase on April's median 4%, undermining concerns that workers would push for inflation-busting rises in earnings that could start a wage-price spiral. - Guardian

  • Tuesday newspaper round-up: Energy price cap, Palantir, Newport Wafer Fab

    Tuesday 21 Jun 2022

    (Sharecast News) - The energy price cap could reach nearly 3,000 in the Britain at the beginning of October, with the planned increase possibly being more than 1,000 according to a new forecast. It is expected to rise to 2,980.63 for the next period, which runs between October and December, after another spike in wholesale demand prices last week. - Guardian

  • Monday newspaper round-up: House prices, UK manufacturers, Asda

    Monday 20 Jun 2022

    (Sharecast News) - House prices in Great Britain hit a record high in June but are likely to start falling during the next few months as five interest rate rises and a worsening cost of living crisis finally start to put the brakes on the property market's record-breaking run, according to Rightmove. The property website said asking prices hit a record for a fifth consecutive month in June, rising by 0.3% - or 1,113 - to reach 368,614. However, this was the smallest monthly increase since January, with the site saying: "The exceptional pace of the market is easing a little." - Guardian

  • Sunday newspaper round-up: 'Prolonged war', Asda, IAG

    Sunday 19 Jun 2022

    (Sharecast News) - The Prime Minister called on the West's leaders to steel themselves for a prolonged war in Ukraine, saying that if not they risked the "greatest victory for aggression in Europe since the Second World War". He also pushed Britain's allies to hold their nerve and make sure that Kyiv had the "strategic endurance to survive and eventually prevail." According to Boris Johnson, the price of a rushed settlement in Ukraine would not be worth paying. "Imagine for a moment that Vladimir Putin's visions of glory were to come true. [...] What if no one was willing to lift a finger as he annexed this conquered territory and its fearful people into a greater Russia? Would this bring peace? Would the world be safer? Would you be safer?" - Sunday Times

  • Friday newspaper round-up: Gatwick, Twitter, housebuilders

    Friday 17 Jun 2022

    (Sharecast News) - Gatwick airport will reduce its summer capacity to ward off potential chaos, after dozens of last-minute cancellations wrecked the travel plans of holidaymakers over the platinum jubilee and half-term holiday. London's second busiest airport will limit the number of daily take-offs and landings to 850 in August - about 50 more than the average in early June, but more than 10% below its pre-pandemic maximum. - Guardian

  • Thursday newspaper round-up: Business start-up funding, food prices, Royal Mail

    Thursday 16 Jun 2022

    (Sharecast News) - Labour has launched a review of business startup funding driven by a group of industry leaders including the former Goldman Sachs chief economist and Conservative Treasury minister Jim O'Neill as it attempts to improve its credentials with business. Announcing the review amid concern over the strength of the British economy, Rachel Reeves, the shadow chancellor, said Labour wanted to make Britain the best place in the world to start and grow a business. - Guardian

  • Wednesday newspaper round-up: BP, airlines, Coinbase

    Wednesday 15 Jun 2022

    (Sharecast News) - Global fossil fuel company BP has bought 40.5% of a renewable energy hub in the Pilbara, billed as having potential to become one of the biggest suppliers of green hydrogen in the world. The company will also operate the Asian Renewable Energy Hub, which has plans to generate up to 26GW of wind and solar energy - about a third of the electricity generated in Australia today. - Guardian

  • Tuesday newspaper round-up: HBOS, energy deal, Shell, British Airways

    Tuesday 14 Jun 2022

    (Sharecast News) - Victims of one of Britain's biggest banking frauds will each be offered £3m compensation packages, according to a source familiar with the proposed deal expected to be announced later this week. Halifax Bank of Scotland (HBOS) - which is now part of Lloyds Banking Group - was involved in a major fraud at its Reading branch in the early 2000s. - Guardian

  • Monday newspaper round-up: Leicester factories, Google, household spending

    Monday 13 Jun 2022

    (Sharecast News) - More than half of the Leicester garment workers involved in a new study say they are paid below the minimum wage and receive no holiday pay, almost two years on from revelations about poor standards in the city's factories. The study was commissioned by a new body, the Garment and Textile Workers Trust, which is funded by online fashion retailer Boohoo, as part of efforts to clean up its act after revelations about poor practice in the group's Leicester supply chain. - Guardian

  • Sunday newspaper round-up: BT Group, HSBC, IAG

    Sunday 12 Jun 2022

    (Sharecast News) - Kwasi Kwarteng, the Business Secretary, may be set to stop billionaire Patrick Drahi from taking over BT through new national security laws and from building up his stake in telecommunications group. Government may also block Drahi from taking a seat on the board. The current ban under takeover rules on any attempt by the investor to launch a bid is set to expire over the coming week. The Government has until the beginning of July to decide whether it wishes to act or not. - The Financial Mail on Sunday

  • Friday newspaper round-up: UK debt, Grenfell, steak shortages

    Friday 10 Jun 2022

    (Sharecast News) - Rishi Sunak has been accused of wasting 11bn of taxpayers' money by paying too much in interest servicing the government's debt. The National Institute of Economic and Social Research (NIESR) said the losses were the result of the chancellor's failure to insure against interest rate rises on 900bn of reserves created through the quantitative easing (QE) programme. - Guardian

  • Thursday newspaper round-up: Gambling, Amazon, John Lewis

    Thursday 09 Jun 2022

    (Sharecast News) - More than 420,000 British gamblers lose at least 2,000 a year, according to a major report that warns losses on the most addictive products are "strongly skewed" towards deprived areas. The report lays bare the punishing losses incurred by the heaviest gamblers and raises "concern" at the low level of intervention by gambling companies to prevent them suffering harm. - Guardian

  • Wednesday newspaper round-up: Shein, BNPL, Marks & Spencer

    Wednesday 08 Jun 2022

    (Sharecast News) - Chinese fashion behemoth Shein might be the organisation least expected to win applause at an international conference on fashion sustainability, but that's what happened at this week's global fashion summit in Copenhagen. The industry's largest forum for sustainable progress saw the ultra-fast fashion brand praised for making a donation of $15m (12m) over three years to a charity working at Kantamanto in Accra, the world's largest secondhand clothing market. - Guardian

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