Wednesday newspaper round-up: Ikea homes, robots, Lookers, Credit Suisse

Homebuyers in a town where properties typically cost almost 12 times local salaries may soon have a low-cost option from Ikea after a UK council agreed to work with an affordable housing developer co-owned by the retailer. Worthing council has signed up with BoKlok, a company jointly owned by the Swedish retailer and construction firm Skanska which specialises in factory-built housing that can be constructed at a low cost. – Guardian

British workers are being shut out of decisions over the rising use of robots in the UK economy, according to a report. According to the commission on workers and technology, run by the Fabian Society and the Community trade union, almost six in 10 employees across Britain in a poll said their employers did not give them a say on the use of new technologies. - Guardian

The Government needs to tackle “inherent problems at the heart of the planning system” to have any hope of reaching its ambitious goal of building 300,000 homes a year, an influential group of MPs has warned. A report by the Public Accounts Committee released on Wednesday claims the Department for Housing “simply does not have the mechanisms in place to achieve the ... target” and urged ministers to set out their plans to boost building rates by October. – Telegraph

The former head of compliance at UBS has been convicted of leaking inside information to a friend while working for the Swiss banking giant, a jury found on Tuesday. Fabiana Abdel-Malek, 36, was convicted at Southwark Crown Court along with her friend Walid Anis Choucair, a 40-year-old former trader, on three counts of insider dealing following an 11-week trial brought by the Financial Conduct Authority (FCA). – Telegraph

One of Britain’s largest car dealers lost almost a quarter of its value yesterday after it revealed that the financial regulator had opened an investigation into its sales processes over the past three and a half years. Shares in Lookers fell by 24 per cent, or almost 17p, to a seven-year low of 53½p, wiping nearly £66 million off its market value, after the company said that the Financial Conduct Authority was examining its sales practices from the start of 2016 to June 13 this year. – The Times

The shadow chancellor has attacked Credit Suisse as “outrageous” after the Swiss bank began a legal battle to get back £239 million of taxes it paid on bonuses during the financial crisis. The bank, which has 46,850 staff and 50 offices worldwide, is suing HM Revenue & Customs to recover taxes it paid in 2009 under a one-off levy introduced by Alistair Darling, the Labour chancellor at the time. – The Times