- The times: Boris Johnson has faced a backlash from Brexit-supporting business leaders who accused him of treating them “like a sponge” to offset rising labor shortage costs.
- Financial Times: UK and European natural gas prices skyrocketed on Wednesday after Russian President Vladimir Putin said his country was ready to stabilize rising global energy prices that threaten to curb industrial activity.
- The daily telegraph: The average price for used cars rose more than a fifth last month to a new record high of just over £ 16,000 following the aftermath of the coronavirus and supply chain problems.
- Financial Times: Private equity firms offer the highest premiums to publicly traded companies in more than two decades, a sign that the gap between wealthy buyout groups and public market investors is widening.
- Financial Times: Amazon received a record $ 650 million tax break from local and state governments in 2021 as they attempt to get the online shopping giant to close its one-day or same-day delivery networks in their territories to expand.
Business and economy
- The times: Construction has slowed over the last month as supply chain disruptions and staff shortages put pressure on costs and rising prices weighed on demand, a closely watched survey shows.
- Daily mail: Tesco shares soared after doubling profits and announced they would buy £ 500m worth of shares from investors next year as they pledged to increase dividends each year.
- The times: Side group raised its annual earnings outlook for the second time in three months on Wednesday, fueled by robust tech hires in the third quarter.
- The guard: Manchester United’s share price has risen $ 2.24 since it was signed by Cristiano Ronaldo on August 27, meaning that the 9.5 million shares the Glazers sold in the past 24 hours are 21, Were worth $ 3 million more.
- The times: Growing inflation concerns after global energy price hikes hit equity and bond markets; The UK’s 10-year gilt yield jumped to 1.152% as the UK inflation forecast could peak above 5% next spring.
- The times: Tobacco giant Imperial brands’Shares fell 3.8% yesterday, despite CEO Stefan Bomhard saying it was on track to meet expectations for the year.
- The times: Losses at Royal Dutch Shell‘s household utility company more than quadrupled to £ 138 million last year as the oil giant battled low-cost competitors.
- The daily telegraph: Amazon has opened a new brick-and-mortar concept store in London selling electronics, books, toys and kitchenware in a fresh attack on physical rivals like John Lewis and Curries.
- The daily telegraph: Members of Facebook’s so-called board of directors, which includes former Guardian editor Alan Rusbridger, are resisting pressure to step down as the company battles whistleblower allegations that it endangers the mental health of young people.
- The times: British Airways plans to reinstate around 3,000 flight attendants after shedding around 10,000 jobs, a third of the workforce, last spring and summer when the Covid-19 crisis brought most aircraft to a standstill.
- The times: Alan Aubrey, the backer of hundreds of UK technology companies, including the youngest public debutant Oxford Nanopore, has stepped down as CEO of the IP Group.
- Financial Times: General Motors plans to increase sales to $ 280 billion by 2030
- Financial Times: European chemical and steel companies have warned that rising gas prices threaten the region’s economic recovery after the coronavirus pandemic.
- The times: Tesco tried to put an end to its accounting scandal seven years ago by paying $ 193 million.
- The times: President Macron has lost patience with Boris Johnson and is exploring ways to increase pressure on the prime minister to force him to honor Britain’s commitments to the EU on fishing rights and other post-Brexit issues, French officials say.
- The daily telegraph: The German growth forecasts could be lowered after the manufacturers suffered a collapse in orders in August, warned economists.
- Financial Times: UK regulators have started investigating the accounting firm Mazars over its audit of the retailer French connection‘s financial statements.
- The guard: The EU must respond to the revelations in the Pandora papers with a fresh crackdown on the use of letterbox companies by tax evaders to ensure that the costs of Covid recovery are fairly shared, the bloc’s economic commissioner said.
Share tips, comments, and bids
- The Daily Telegraph (Questor Stock Tips): STOP compass; STOP Ferguson; STOP experience; HLD Relaxation.
- The Times (Tips for Sharing Tempus): STOP Dark trail; TO BUY Möbius Investment Trust.
- The guard: Tina Turner has sold the rights to her music catalog spanning six decades, including hits like What does love have to do with it?, and Private dancer, to the music publisher BMG.
- Daily mail: Blue Prism, a manufacturer of technology that automates repetitive business tasks, has led a public dispute with investor Coast Capital over its acquisition by a US private equity giant.
- The times: Ocado invests £ 10m in driverless car startup Wayve as part of a year-long trial that could lead to autonomous food deliveries.
- The times: Tui group, Europe’s largest travel company, will invest an additional $ 1.1 billion
- The times: Nvidia has offered concessions to European officials to gain approval for the $ 54 billion acquisition of British microchip designer Arm.
- Financial Times: Japan Post will sell a 9 billion
- Financial Times: Rigetti Computing, one of the first quantum computing startups, plans to go public through a merger with a special purpose vehicle valued at around $ 1.5 billion.
- The times (comment): Deadlocked inflation would make life difficult for investors.
Thursday Newspapers: Boris Johnson faced with business backlash