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Press Round-Up Short (Premium)
30 Apr
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Tuesday newspaper round-up: Alphabet, Uber, UK car production, Wework

Google shares slumped on Monday after the company failed to beat analyst predictions, following a year of internal turmoil, privacy concerns, and several international fines. Stock for Alphabet, Google’s parent company, was down 7% in after-hours trading after the company reported first quarter revenue of $36. 34bn, lower than the $37. 33bn revenue forecast by analysts. The quarter one earnings represent a 17% increase from the same time last year, in which it reported $31.

29 Apr
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Monday newspaper round-up: Brexit, fracking, airlines, RBS

The slow-burn impact of Brexit on the British economy will be a drag on growth for the rest of 2019, blocking the Bank of England from raising interest rates, a leading economics forecaster has warned. Ahead of the first major policy decision from Threadneedle Street since Theresa May agreed to delay Brexit until the end of October, the EY Item Club said uncertainty over the country’s future would cut the UK’s growth rate. – Guardian.

28 Apr
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Sunday newspaper round-up: Jaguar Land Rover, Huawei, Spanish elections, Gatwick diversions

Struggling Jaguar Land Rover is considering a bid for the minicab operator Addison Lee as it attempts to navigate the challenge to car ownership from Uber and driverless vehicles.

26 Apr
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Friday newspaper round-up: Gambling, Huawei, Scottish independence, Sainsbury's

The government has come under fire for its “outrageous” failure to back a mandatory levy on betting firms to increase funding for addiction treatment, in defiance of a call from the industry’s regulator. Labour’s deputy leader, Tom Watson, accused the government of “dragging its heels”, after the sports minister, Mims Davies, said in a speech that the existing voluntary levy “does work”, moments after the chair of the Gambling Commission said the opposite.

25 Apr
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Thursday newspaper round-up: UK growth, RBS, climate change costs, BT

Britain’s growth rate will bounce back above 1. 5% next year as ministers exceed existing public spending budgets to cope with an ageing population, a leading thinktank has said. The National Institute for Social & Economic Research (NIESR) said plans to ease austerity only slightly over the next five years were “unbelievable”. It added that government spending would almost certainly need to increase by more than expected in the next few years, increasing the UK’s GDP growth.

24 Apr
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Wednesday newspaper round-up: Huawei, Virgin Trains, Revolut, Amazon

Theresa May has ordered that Chinese telecoms supplier Huawei be banned from supplying core parts of the future 5G mobile phone network, following a meeting of ministers on the National Security Council (NSC). Huawei will be allowed to supply some “non core” technology to UK phone companies, insiders said, but several ministers in the meeting on Tuesday raised concerns even about that concession, arguing instead for a total ban on the supplier. - Guardian.

21 Apr
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Sunday newspaper round-up: StanChart, Anglo, Thomas Cook, Shell, Tesla

British shopping centres, DIY stores and garden centres struggled over the bank holiday weekend as shoppers stayed outside to enjoy the blazing sunshine. Indoor shopping centres were hit particularly hard, with a year-on-year decline in footfall of more than 11% on both Friday and Saturday, according to retail data company Springboard. - Observer.

18 Apr
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Thursday newspaper round-up: Auditors, Brexit, EU tariffs, Uber

The competition watchdog has called for the Big Four auditors to split their auditing and consulting operations to address "serious" issues in the disgraced accounting sector, but stopped short of calling for a full break-up. Deloitte, PwC, EY and KPMG, which audit 97pc of all FTSE 350 companies, have faced extensive criticism for failing to flag problems in the accounts of clients including Carillion, BHS and Patisserie Valerie before their collapse. - Telegraph.

17 Apr
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Wednesday newspaper round-up: Asda, Intel, Netflix, Mastercard

The global financial system faces an existential threat from climate change and must take urgent steps to reform, the governors of the Bank of England and France’s central bank have warned, writing in the Guardian. In an article published in the Guardian on Wednesday aimed at the international financial community, Mark Carney, the Bank’s governor, and Villeroy de Galhau, the governor of the Banque de France, said financial regulators, banks and insurers around the world had to “raise the bar” to avoid catastrophe.

16 Apr
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Tuesday newspaper round-up: Slow growth, waning trade, Brexit stumble

Experimental early warning systems for the economy, devised by the Office for National Statistics and using VAT and road traffic data, have suggested that turnover at British companies may have weakened during the first quarter. The ONS said that its new index based on VAT returns had shown a “mixed picture”, with “very slightly more firms reporting a decline in turnover” between the first quarter of 2019 and the final quarter of 2018 than those posting an increase.

15 Apr
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Monday newspaper round-up: Barclays, Domino's, TSB, Whitbread, Netflix

British businesses are the most gloomy they have been about Brexit since the 2016 referendum, with eight out of 10 finance leaders expecting the long-term business environment to be worse as a result of the UK leaving the EU. The accountancy group Deloitte has warned that worries over the long-term impact of Brexit are mounting, with more than half of finance bosses expecting to rein in recruitment and spending. - Guardian.

14 Apr
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Sunday newspaper round-up: Brexit, Melrose, Stagecoach, Barclays, WPP

David Lidington, the cabinet minister overseeing cross-party Brexit talks with Labour, has insisted that there is now “more that unites than divides” the main parties, amid desperate attempts to find a breakthrough that avoids European elections that could prove disastrous for the Tories. His claims that the meetings had been “serious and constructive”, with large areas of agreement, comes as Theresa May and her team want to show progress as soon as possible, in a bid to avoid taking part in European elections late next month.

12 Apr
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Friday newspaper round-up: Brexit, Superdry, Disney, Uber

Theresa May has dispatched shattered MPs for a 10-day Easter recess, and urged them to use the time away from Westminster to “reflect on the decisions that will have to be made swiftly on our return,” after European Union leaders set 31 October as the new Brexit deadline. The prime minister addressed the House of Commons after her return from the late-night summit in Brussels at which EU27 leaders thrashed out an extension to article 50. - Guardian.

11 Apr
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Thursday newspaper round-up: Starbucks, house prices, Italy, Virgin Atlantic

A £1m fund to help expand and improve paper cup recycling facilities across the UK will be launched on Thursday by the coffee giant Starbucks and environmental charity Hubbub. Local authorities, recycling companies and social enterprises will be invited to bid for grants of up to £100,000 on behalf of their communities to create at least 10 large-scale recycling programmes. – Guardian.

10 Apr
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Wednesday newspaper round-up: Brexit, Bank of England, Finablr IPO

European leaders have urged President Macron not to “humiliate” Theresa May as the price of granting her a long Brexit extension. In an appeal before tonight’s critical summit, Donald Tusk, president of the European Council, called on EU leaders to treat Britain with respect or risk poisoning future relations. - The Times.

09 Apr
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Tuesday newspaper round-up: Brexit, retailers, LME, Sony, StanChart

Theresa May will go to Paris and Berlin to plead with Angela Merkel and Emmanuel Macron for a Brexit extension on Tuesday, promising to be a good member of the European Union until departure day and claiming talks with Labour have a serious chance of reaching a deal. Before an emergency European summit this week, the prime minister will head to the continent to make the case for extending article 50 only until the end of June. However, she is also being forced to make pledges that the UK would abide by EU rules for however long it is a member, given that a longer delay and participation in European elections now look like the most likely option.

08 Apr
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Monday newspaper round-up: Business confidence, Holland & Barrett, Microsoft, BT

Business confidence has crashed to the lowest point since 2012, and the economy is only growing because firms are stockpiling ahead of Brexit, according to a key sentiment indicator. The BDO optimism index, which charts how businesses expect output to develop in the next three to six months, fell faster in March that at any time since the bleakest days in the aftermath of the Lehman Brothers collapse in 2008. – Guardian.

05 Apr
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Friday newspaper round-up: Superdry, Amazon, Huawei, Ghosn

Euan Sutherland, the Superdry chief executive who walked out of the fashion group earlier this week in protest at a boardroom coup led by its co-founder Julian Dunkerton, is to be handed a £730,000 payoff. Sutherland, along with all the other board directors, resigned on Tuesday afternoon after a shock shareholder vote backed the reappointment of Dunkerton as a board director. – Guardian.

04 Apr
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Thursday newspaper round-up: Brexit, HSBC, Superdry, Melrose

Theresa May and Jeremy Corbyn were both facing a furious backlash from their parties last night amid growing scepticism over the prospects of their talks finding a way through Brexit. No 10 and Labour claimed initially that the leaders had had a “constructive” meeting after they spent an hour and 40 minutes in the Commons working through options. They agreed to set up a working party to meet today. - The Times.

03 Apr
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Wednesday newspaper update: Brexit, bitcoin, Paddy Power, tax avoidance

Theresa May has offered to enter talks with Jeremy Corbyn to break the logjam over Brexit and let parliament decide a binding way forward if they fail to find a compromise. In a significant shift, May said she would request an extension to leaving the European Union and opened the door to accepting a softer Brexit, with No 10 not ruling out accepting either a customs union or a second referendum. - Guardian.