Wednesday newspaper round-up: BHS, banks, Hinkley Point, easyGroup,

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Sharecast News | 23 Mar, 2016


The nation’s small businesses can expect a wave of capital from a new generation of investors following the launch of a campaign to more than double the number of active angels backing UK firms by 2019. The new Become An Angel campaign, which will launch on Wednesday at the House of Commons, plans to recruit 23,000 new angels into the investor community, representing an extra £1bn-worth of growth capital. – Telegraph

Vodafone's consumer director Cindy Rose has quit after less than three years at the company, despite having been hired partly to launch a pay-TV service that has yet to materialise. Ms Rose's departure is likely to fuel questions about Vodafone's pressured position in its rapidly shifting home market, where it now faces the combined might of BT and EE and could soon be relegated to last place mobile operator by the planned merger of Three and O2. – Telegraph

The future of BHS is to be decided at a hotel in west London on Wednesday morning when the 90-year-old chain’s creditors will vote on whether to back a rescue deal. Darren Topp, the struggling retailer’s chief executive, will address the meeting at Novotel London West in Hammersmith in a bid to persuade landlords, suppliers and others who have registered a claim to give BHS another chance. – Guardian

Several major UK banks including HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking Group along with the Lloyd’s of London insurance market have signed up to a new voluntary charter aimed at getting more women into senior roles in the finance industry. Harriett Baldwin, the economic secretary to the Treasury, hailed the charter as evidence that the voluntary approach was working, and said if this momentum continued it would rule out the need for more prescriptive measures from the government. - Guardian

The most extraordinary facet of the parliamentary hearings today into Hinkley Point C and the future of the British nuclear industry is that it has taken until now for the House of Commons energy and climate change select committee to get its act together and call an investigation. The proposed £18 billion electricity generating station in Somerset, powered by two European pressurised nuclear reactors and being built by EDF, the mainly French government-owned energy company, has been a practical lesson in how difficult the delivery of a new nuclear age in Britain will be. – The Times

Sir Stelios Haji-Ioannou fired another salvo yesterday in his dogfight with an African budget airline, accusing it of breaching the terms of a licensing agreement with his easyGroup holding company. In a letter to Fastjet, Sir Stelios raised a series of grievances with the carrier, in which he owns a 12.6 per cent stake, alleging that its directors and managers had failed to attend a meeting in Monaco to discuss the situation. – The Times

George Osborne fought to save his chancellorship on Tuesday, admitting he had made “a mistake” in trying to cut disability benefits but insisting that “without sound public finances there is no social justice”. The chancellor’s friends say he is determined to “tough it out” and wants to hold on to his Treasury job, shrugging off suggestions that David Cameron will move him to the Foreign Office after the EU referendum in June. – Financial Times

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