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Press Round-Up Short (Premium)
01 Aug
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Sunday newspaper round-up: Ukraine, HSBC, Quilter

Ukrainian President, Volodymyr Zelensky, issued a warning at the weekend that the war with Russia might halve Ukraine's harvest. Even so, Zelensky sounded a confident note, arguing that alternative ways were being found for grains to be delivered. John Rich, the Australian chairman of MHP, Ukraine's biggest agricultural produce company, was much more cautious. Rich also contradicted remarks from Lloyd's of London's boss during the previous week that the insurance market would underwrite the dangerous sea transit of millions of tonnes of grain through mine-laden waters.

29 Jul
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Friday newspaper round-up: Liz Truss, Taiwan, Russia

Ben Wallace has endorsed Liz Truss for the Tory leadership and said she is the “only candidate” with the experience to lead the nation from day one in the job. Writing in The Times, the defence secretary said that he was backing Truss because she is “straight and means what she says”. “Liz Truss is a winner not because she’s a slick salesperson but because she is authentic,” he adds. - The Times.

28 Jul
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Thursday newspaper round-up: Exporters, UK car industry, Phoenix Group

Britain’s exporters have seen their overseas trade stagnate over the past year despite strong growth in domestic demand for their products and booming export markets, according to a survey. The British Chambers of Commerce (BCC) said that a survey of 2,600 exporters found a quarter had suffered a fall in exports and another 46% reported no change. – Guardian.

27 Jul
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Wednesday newspaper round-up: Train strikes, Randox, Google, Credit Suisse

The railways will again grind to a halt on Wednesday as workers strike over pay, job security and working conditions. The latest talks to avert the action failed last week, a month since three days of industrial action in June. The strikes involve more than 40,000 workers at Network Rail, 14 train companies, and members of the Rail, Maritime and Transport union (RMT). – Guardian.

26 Jul
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Tuesday newspaper round-up: Energy bills, Amazon, Sunak

Millions of people will be plunged into “unmanageable” debt this winter unless the government comes up with more support for those struggling to pay their energy bills, MPs have warned. – Guardian.

25 Jul
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Monday newspaper round-up: Airport workers, supercars, National Grid

More than two in five airport workers are considering quitting, research suggests, which could escalate delays already seen at terminals due to low staffing numbers. A survey of 1,700 workers by the UK jobs site CV-Library found reasons for wanting to leave the industry included wanting better pay and less stress. However, only 5% of respondents blamed the current situation at UK airports, where there have been long delays in recent months. – Guardian.

24 Jul
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Sunday newspaper round-up: Inflation, OneWeb, Rolls-Royce

The consultancy unit of EY think that consumer price inflation could hit 15% over the next winter. The prediction is a worst case scenario from the economists at EY-Parthenon, premised on President Putin blocking natural gas supplies to Europe, soaring food prices and inflation expectations becoming embedded amongst the population. Inflation in the UK hit a 40-year high in June, rising at an annual pace of 9. 4%, and candidate for Prime Minister, Rishi Sunak, has described the cost of living as the "number one challenge we face".

22 Jul
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Friday newspaper round-up: Starling Bank, airlines, SFO, EDF

Starling Bank has reported its first annual profit thanks to a surge in lending, though executives played down the impact that a controversial boom in Covid loans had on its path to profit. The chief executive and founder, Anne Boden, said the latest set of earnings were a “landmark” for the eight-year-old digital bank. Starling, which is backed by investors including Goldman Sachs and Austrian billionaire Harald McPike, swung to an inaugural annual profit of £32m for the year to March, from a loss of nearly £14m over the previous 12 months.

21 Jul
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Thursday newspaper round-up: Tesla, insurance scams, Gatwick

Tesla’s second quarter of 2022 came to a shaky end as the electric carmaker reported a drop in profit after it struggled to meet demand due to a shutdown of its Shanghai factory and production challenges at new plants. The company also sold 75% of its bitcoin holdings, leading to a slide in the cryptocurrency price. Tesla’s second-quarter profit fell 32% from record levels in the first quarter, with the company reporting a $2. 26bn net profit on Wednesday. – Guardian.

20 Jul
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Wednesday newspaper round-up: Netflix, Amazon, Twitter

Netflix reported better-than-expected earnings on Tuesday, seeing a smaller exodus of viewers than originally forecast even as the platform struggles to maintain its meteoric pandemic growth. Though Netflix reported its second straight quarterly drop in subscriber growth, and lost 1 million viewers in the second quarter of 2022, that number was lower than the 2 million it had projected in its previous report. Shares were up 10% in after-hours trading. – Guardian.

19 Jul
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Tuesday newspaper round-up: Petrol prices, Heathrow chaos, SoftBank

Motorists can expect reductions of about £1. 50 a tank after fuel prices dropped from record highs seen in recent months. According to the AA motoring group, average pump prices for petrol have fallen since the start of the month, when prices were 191. 53p a litre for petrol and 199. 07p a litre for diesel. – Guardian.

18 Jul
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Monday newspaper round-up: Gambling, Amazon Fresh, business loans

Loot boxes in video games will not be banned in the UK, despite a government consultation finding evidence of a “consistent” association between the features and problem gambling. Loot boxes have attracted comparison with gambling because they allow players to spend money to unlock in-game rewards, such as special characters, weapons or outfits, without knowing what they will get. - Guardian.

17 Jul
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Sunday newspaper round-up: Vodafone, Deals frenzy, Business loans

Vodafone and Three may combine their UK units which were respectively the third and fourth largest mobile network operators in the country, City sources said. Ownership of the joint-venture would be split equally. On account in part of its smaller size, Three's owner, CK Hutchinson, would probably inject a lump sum of cash into the venture. The merger's original date of announcement in May had to be delayed. Activist investor Cevian Capital had been calling for mergers and acquisitions in key markets in order to bolster Vodafone's share price.

15 Jul
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Friday newspaper round-up: UK shoppers, Heathrow, Frasers

As the cost of living crisis builds up UK shoppers are slashing their budgets in almost all areas. But there is a notable exception – the money spent on clothing is above pre-pandemic levels, the return of weddings, holidays and socialising fuelling a boom in “revenge spending” or buying those treats missed over months of pandemic lockdowns. Shoppers are forking out almost a fifth more on clothing than last year, research from Kantar for the Guardian has found, taking the value 1% ahead of the 2019 figure.

14 Jul
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Thursday newspaper round-up: Celsius, rail strikes, tax cuts

The cryptocurrency lender Celsius Network has announced it has filed for bankruptcy. Crypto lending has tumbled in the recent months following a crash in cryptocurrency prices and the collapse of major token TerraUSD in May. Celsius had paused withdrawals and transfers between accounts last month, blaming extreme market conditions. State securities regulators in New Jersey, Texas and Washington had stepped in to investigate the crypto lender’s decision. - Guardian.

13 Jul
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Wednesday newspaper round-up: Peace talks, UK GDP, Sunak, EDF, Heathrow, UK heatwave

Russia and Ukraine are set to hold their first talks with UN and Turkish officials aimed at breaking a months-long impasse over grain exports.

12 Jul
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Tuesday newspaper round-up: Strikes, Klarna, small business borrowers

Ministers have approved controversial plans to allow agency workers to replace striking workers, voting through the regulations on Monday night by 289 votes to 202. While the business minister, Jane Hunt, said the change, which was accelerated as a result of the ongoing rail strikes, was needed to remove the “outdated blanket ban” on using agency workers to cover official industrial action, critics say the measure is akin to a “scab charter”. - Guardian.

11 Jul
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Monday newspaper round-up: Twitter, Uber, dairy shortages, Purplebricks

Elon Musk could be forced by a US court to complete his $44bn takeover of Twitter, according to legal experts, despite pulling the plug on the transaction. The Tesla chief executive told Twitter on Friday that he is terminating the deal, citing concerns over the number of spam accounts on the social media platform. Twitter’s chairman, Bret Taylor, responded with a tweet stating that the company intended to “pursue legal action to enforce the merger agreement”.

10 Jul
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Sunday newspaper round-up: Capita, EasyJet, ZeroAvia

The man brought in to turn around outsourcer Capita's fortunes sounded a far more chipper note in an interview. Since late 2017, the company has sold off large chunks of the business, while trying to position itself as a technology outfit in areas such as artificial intelligence and running chatbots for firms such as O2. Staff levels have been slashed from 73,000 to 52,000 and debt brought down to a level that is easier to manage. But the key change has been in the firm's corporate culture, according to Lewis.

08 Jul
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Friday newspaper round-up: Twitter, tax cuts, PwC

What price happiness? The answer might be £3,360 a year. The average UK worker would take a 10. 5% pay cut to work for an employer where staff enjoy “above average” levels of happiness, a study has shown. The research, which examined 23 million jobseekers across the UK, US and Canada, comes amid a growing push for companies and governments to quantify the costs and benefits of wellbeing alongside cash measures of economic output. - Guardian .