Tuesday newspaper round-up: North-South divide, e-receipts, Brexit, Ghosn

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Sharecast News | 11 Dec, 2018

Slowing growth in London since the Brexit vote has put the British economy on track to narrow the north-south economic divide over the coming three years, according to a report. The accountancy firm EY, despite warning of a weaker outlook for almost every region through to 2021 amid continuing Brexit uncertainty, said London would no longer continue to grow at a much faster pace than the rest of the country. – Guardian

Several large retailers may be breaking data protection rules with their e-receipts, according to an investigation by the consumer body Which?. Many retailers offer to email receipts to shoppers but the rules in this area were tightened in May when the General Data Protection Regulation (GDPR) came into force. – Guardian

A third energy supply company has gone bust since the regulator vowed to toughen up on new entrants to the energy market only three weeks ago. Ofgem confirmed that One Select had ceased trading just weeks after the fall of Extra Energy and Spark Energy. The regulator assured One Select’s 36,000 customers that it would find them a new supplier. – Telegraph

Australian pensions giant AMP has swooped on a UK social care business catering to people with severe learning disabilities in a deal worth hundreds of millions of pounds, reflecting renewed investor interest in the sector. AMP has agreed to buy Care Management Group, a chain of 190 homes with 2,000 patients, from turnaround specialist Court Cavendish, which also owns the UK’s largest care home chain HC-One. – Telegraph

Theresa May will beg European leaders today to rescue her Brexit deal after becoming the first prime minister for at least 70 years to pause a vote on a major international treaty. Mrs May pulled the meaningful vote on her Brexit deal yesterday afternoon, hours after Downing Street and cabinet ministers insisted she would push ahead, admitting to MPs that it would have been lost by a “significant margin”. – The Times

Prosecutors in Tokyo have charged Carlos Ghosn, the former chairman of Nissan, with hiding £35 million in pay and have rearrested him for a similar alleged offence. Mr Ghosn, 64, and Greg Kelly, 62, an American Nissan executive, have been charged with under-reporting to Japanese regulators his financial compensation between 2010 and 2015. Prosecutors believe that he concealed about five billion yen (£35 million) in deferred compensation to be paid after retirement, doubling his declared salary. – The Times

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