Press Round-Up Short (Premium)
Sunday newspaper round-up: Heathrow, GSK, Roll-Royce
Plans for a third runway at Heathrow may have been dealt a fatal blow after Ferrovial balked at further investment. The Spanish infrastructure investor, Heathrow's top shareholder, signalled the move in protest over the Civial Aviation Authorities's decision to block a 90% rise in landing charges from 2022, which the company said meant shateholders would have to make do with lower returns. - Sunday Telegraph.
Sunday newspaper round-up: Public sector pay, ITV, TSB
Public sector pay may be due for a rise, the Chancellor hinted on The Andrew Marr show. Sunak said that going forward a new pay policy would need to be set and that it would be a topic for next week's spending review. Public sector pay rises had been "paused" in 2021/22 expect in the NHS and for workers making less than £24,000. - Sunday Telegraph.
Sunday newspaper round-up: The Hut Group, Bank of England, Gelion Technologies
Tax law experts claim that British taxpayers will end up subsidising US private equity outfit Clayton Dubilier & Rice's $7bn takeover of Morrisons. On Saturday, MPs and tax campaigners said the deal "stinks" and will probably see the grocer pay less in taxes to the Exchequer. According to Richard Murphy, of Sheffield University Management School: "If CD&R put the debt on to Morrisons to buy it, then the profits are reduced due to the interest payments sent offshore.
Sunday newspaper round-up: Rolls Royce, Food and fuel shortages, Morrisons
Rolls Royce may be set to rake in "billions of pounds" worth of orders for miniature nuclear power stations from countries in Eastern Europe, the head of green investment fund IP3 said. The fund's boss, Mike Hewitt, told the newspaper that nations including Poland, the Czech Republic, Latvia, Hungary, Estonia, and Bulgaria all had aggressive plans to go nuclear. For its part, the company said it was talking to interested parties about export opportunities, including in Europe.
Friday newspaper round-up: Fuel crisis, Blue Origin, European lorry drivers
Nearly half of all independently owned petrol stations in the UK were still dry or out of one type of fuel on Thursday, as motorists continued to panic buy and soldiers stood by to drive tankers to help with the refuelling effort amid a lack of HGV drivers. The Petrol Retailers Association said drivers were continuing to buy fuel faster than it could be restocked, despite the insistence from chief secretary to the Treasury, Simon Clarke, that the situation was “back under control”.