Friday newspaper round-up: HS2, Airbus, Millennium & Copthorne

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Sharecast News | 15 Dec, 2017

The US’s top media regulator voted to end rules protecting an open internet on Thursday, a move critics warn will hand control of the future of the web to cable and telecoms companies. At a packed meeting of the Federal Communications Commission (FCC) in Washington, the watchdog’s commissioners voted three to two to dismantle the “net neutrality” rules that prevent internet service providers (ISPs) from charging websites more for delivering certain services or blocking others should they, for example, compete with services the cable company also offers. - Guardian

MPs have called on the government to consider legal action against the former chief executive of the public body building the new high-speed rail network, over £1.76m in redundancy payments made in direct contravention of civil service rules. HS2 Ltd, which is overseeing the £55bn project, paid a total of £2.76m to 94 individuals, while the statutory redundancy terms should have kept the bill at £1m. - Guardian

Airbus confirmed a top management shake-up on Friday, following weeks of turmoil at the European planemaker. Chief operating officer and plane-making chief Fabrice Bregier will step down in February 2018, while chief executive Tom Enders will not seek a new mandate when his term expires in 2019, the company said. – Telegraph

More technology workers in the UK are coming from India, Australia and the US than from major EU countries, according to a study. Research from Tech City, the Government-backed organisation for the technology industry, found that the biggest sources of technology workers were from outside the single market, rather than from France and Spain. – Telegraph

The attempt by a Singaporean tycoon to take Millennium & Copthorne Hotels private was cast into doubt yesterday after three of its biggest minority investors rejected a sweetened offer valuing the company at £2 billion. Kwek Leng Beng, its chairman and 65.2 per cent shareholder, had on Friday raised his offer from 552½p to 620p after investors including Aberdeen Standard, Fidelity International, International Value Advisers and MSD Partners had dismissed the earlier figure as “a low-ball offer”. – The Times

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