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Press Round-Up Short (Premium)
07:29
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Friday newspaper round-up: Betfred, Carillion, Lekoil

The brothers who own the high street bookmaker Betfred are making millions from a business that treats public sector staff for health problems including gambling addiction, the Guardian can disclose. Betfred’s owners, the billionaire Tory party donors Fred and Peter Done, also own Health Assured, which holds dozens of government contracts to provide health and wellbeing programmes to staff. – Guardian.

16 Jan
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Thursday newspaper round-up: Debenhams, Woodford, housing market

There’s been a department store in the market town of Stockton-on-Tees for over a century. But the last one closed its doors for the final time on Wednesday when Debenhams pulled down the shutters. The store is one of 19 being closed across the country by the beleaguered chain this month, and it’s a big blow to Stockton, where New Look is also due to shut down on Saturday and many shoppers still mourn the loss of the Marks & Spencer in 2018. – Guardian.

15 Jan
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Wednesday newspaper round-up: Flybe, tech start-ups, Andrew Tinkler

The immediate future of Flybe was secured on Tuesday night after ministers agreed a rescue deal with shareholders to keep Europe’s largest regional carrier flying. The package of measures includes a potential loan in the region of £100m and/or a possible short-term deferral of a £106m air passenger duty (APD) bill, plus a pledge to review taxes on domestic flights before the March budget. – Guardian.

14 Jan
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Tuesday newspaper round-up: Vanguard, Richard Sounds, Ghosn

The government has been urged to rethink its tax and benefit rules for low-paid workers after it emerged that some staff at the bakery chain Greggs could get to keep just a quarter of their £300 annual bonus as a result of universal credit deductions. Greggs announced last week that its 25,000 workers would receive a windfall of up to £300 under a £7m reward scheme linked in part to the success of the company’s vegan sausage rolls. – Guardian.

13 Jan
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Monday newspaper round-up: Online gambling, Gatwick, Boeing, Tesla

The gambling industry watchdog is preparing to ban bookmakers from taking credit card deposits for betting online, in the latest move to prevent the exploitation of vulnerable customers. The Gambling Commission is expected to announce the long-awaited ban on credit card wagers, with the rules due to be unveiled as soon as Tuesday. Well-placed sources said an announcement by the regulator was imminent. It comes two years after charity groups such as GambleAware and Citizens Advice urged the government to implement the policy to protect people from sliding into gambling addiction.

10 Jan
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Friday newspaper round-up: Boeing, business confidence, Carillion

Boeing on Thursday released hundreds of internal messages that raise serious questions about its development of simulators and the 737 Max that was grounded in March after two fatal crashes, prompting outrage from US lawmakers. In an April 2017 exchange of instant messages, two employees expressed complaints about the Max following references to issues with the plane’s flight management computer. “This airplane is designed by clowns who in turn are supervised by monkeys,” one unnamed employee wrote.

09 Jan
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Thursday newspaper round-up: Woodford, Whirlpool, retailers, BT

Investors trapped in Neil Woodford’s main fund, which collapsed last year, have expressed their dismay that the former star stock-picker and his business partner, Craig Newman, took home £13. 8m in dividends from their investment management company last year. “It’s absolutely despicable but not a surprise,” said IT Consultant Ian Flaherty, awaiting the outcome of the administration process to see how much of his £10,000 savings held in the fund has been lost.

08 Jan
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Wednesday newspaper round-up: Barclays, retail job losses, Woodford

Barclays is being urged to stop offering loans to fossil fuel companies as part of the first ever shareholder climate resolution aimed at a UK bank. A group of 11 pension and investment funds managing more than £130bn worth of assets have filed a resolution calling for Barclays to set clear targets to phase out services to energy companies that fail to align with Paris climate goals. – Guardian.

07 Jan
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Tuesday newspaper round-up: Renewable energy, retail parks, RSM

Sajid Javid has pledged to use his first budget to kickstart a decade of renewal for the economy after announcing 11 March as the date for the delayed set-piece event. The chancellor said his package would focus on unleashing Britain’s potential after the country’s departure from the EU at the end of this month. – Guardian.

06 Jan
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Monday newspaper round-up: FTSE pay, car sales, shopping centres, CVAs

Senior executives in the UK’s top 100 companies took just 33 hours to be paid more than the typical worker’s annual salary, according to data that unions say should be a “source of national shame”. Figures released by the High Pay Centre thinktank showed that the typical FTSE 100 chief executive is paid 117 times more than the median worker, at £901. 30 an hour or £3. 46m a year. – Guardian.

03 Jan
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Friday newspaper round-up: Gambling industry, Shell, Carlos Ghosn

The dependence of the UK gambling industry on high-spending VIPs, customers who are disproportionately likely to be addicts, has been laid bare in a secret report obtained by the Guardian. The Gambling Commission is considering whether to ban VIP schemes in Britain after collecting data from betting firms, including one that took 83% of all deposits from 2% of its customers. – Guardian.

02 Jan
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Thursday newspaper round-up: UK economy, Greggs, Beijing, Co-op

The UK economy ended 2019 in stagnation, under pressure from long-term uncertainty, mounting business costs and a global economic slowdown, according to a business survey. The British Chambers of Commerce’s (BCC) latest quarterly economic snapshot, based on a poll of 6,500 firms across the country in November, painted a gloomy picture of the economy at the end of the last decade. – Guardian.

31 Dec
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Tuesday newspaper round-up: Social media regulation, Huawei, Labour leadership, TSB, JD Sports

Social media executives will face fines and the threat of criminal prosecution for failing to protect people who use their services under plans to regulate tech giants in Britain for the first time. The government is to publish next month its response to a consultation on policing social media companies such as Facebook and Google after Britain leaves the European Union. - The Times.

30 Dec
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Monday newspaper round-up: Labour leadership, Mark Carney, KPMG, HS2, RBS, Robin Hood Energy

The next Labour leader has been urged by defeated and re-elected MPs to ditch Jeremy Corbyn’s policies. Seven former MPs who lost their seats in the party’s worst election result since 1935 said that it needed fundamental change and an unflinching look at the reasons for the defeat. - The Times.

24 Dec
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Tuesday newspaper round-up: Easyjet, UK house prices, retailers

Ryanair is to appeal against a ruling in the Dublin high court over its attempts to delay the defection of its former chief operating officer to Easyjet. Mr Justice Senan Allen ruled that Ryanair’s attempt to enforce a “covenant” to prevent Peter Bellew from joining a rival within a year amounted to restraint of employment. - The Times.

23 Dec
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Monday newspaper round-up: Aviva, British grocers, BBC

Activist investors are thought to be turning their attention to a potential break-up of Aviva after its chief executive refused to pursue a radical split of the business. Maurice Tulloch, 50, who became head of the FTSE 100 insurer in March, has pushed through a strategy to run its life and general insurance businesses separately, reversing his predecessor’s attempts to integrate the two and cross-sell products. However, the City had been hoping for a more dramatic break-up.

20 Dec
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Friday newspaper round-up: Car manufacturing, Andrew Bailey, consumer confidence

Renewed shutdowns of car plants around the previously expected Brexit date of 31 October contributed to a further decline in UK car manufacturing in November. Output slumped by 16. 5% compared with the same month a year earlier, with 107,753 units produced, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). - Guardian.

19 Dec
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Thursday newspaper round-up: Fiat Peugeot, British Airways, AJ Bell

Britain’s largest trade union is seeking assurances over about 2,600 manufacturing jobs at Vauxhall after the carmaker’s parent company, PSA, announced a £38bn (€45bn) merger with Fiat Chrysler that will create the world’s fourth-biggest carmaker. Vauxhall’s workforce includes 1,100 staff at its Ellesmere Port plant in Wirral and around 1,500 people making the Vivaro van in Luton. PSA, which also owns Peugeot, and Fiat Chrysler confirmed there would be no plant closures as part of €3.

18 Dec
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Wednesday newspaper round-up: Persimmon, Google, Shell

Persimmon, the housebuilder that paid its chief executive a £75m bonus in 2018, has been accused of shoddily building homes that left its customers exposed to an “intolerable risk” in the event of fire. An independent review of the company published on Tuesday found Persimmon had a “systemic nationwide failure” to install fire-stopping cavity barriers. Persimmon has been at the centre of political and public anger over the poor quality of its homes and the vast bonus paid to its former boss Jeff Fairburn.