Tuesday newspaper round-up: Kraft Heinz, construction firms, Trainline

By

Sharecast News | 07 May, 2019

A Labour-backed report has called for the launch of universal basic income trials across the UK. Universal basic income (UBI), which takes the form of regular cash payments from the government to all adult citizens, has emerged as a popular concept in recent years because it could top up low pay and reduce inequality. A feasibility study commissioned by the shadow chancellor, John McDonnell, said a pilot scheme would work in the UK. – Guardian

Major construction firms are embroiled in a legal dispute over a multimillion-pound compensation bill that has been paid to more than 1,100 blacklisted trade unionists. The workers won payouts totalling £55m after they discovered that construction firms had unlawfully compiled confidential files on their political and employment activities, preventing them from getting jobs. – Guardian

The main industry body representing Britain’s train industry has been plunged into crisis after a schism opened up over akey submission to the Government’s rail review. The Daily Telegraph understands that Rail Delivery Group’s (RDG) proposals to overhaul the train operations faced a string of rejections from members. - Telegraph

A row has broken out as the government prepares to hand Amazon a lucrative £300m contract to store highly sensitive biometric data belonging to millions of British citizens. The Home Office is currently working on a wide-ranging programme to combine its police and immigration biometric databases, of fingerprints, DNA and facial-matching information. – Telegraph

Trainline is finalising plans for a stock market float that is expected to value the rail and bus ticket website at about £1 billion. Sources said that the route-planning and ticket-buying app could go public as soon as next month in the largest listing of a UK-based company this year. – The Times

Kraft Heinz is to restate almost three years’ worth of accounts after discovering that several procurement staff had “engaged in misconduct”. The world’s fifth largest food and drinks company also announced yesterday that it had received another subpoena from the US Securities and Exchange Commission linked with goodwill and intangible asset impairments, including documents related to procurement. – The Times

Last news