Market Buzz
Sunday newspaper round-up: Arm, Energy bills, Flybe
The Financial Conduct Authority has offered to relax rules around so-called "related party transactions" in order to entice microchip designer Arm to float in London. Arm worries that otherwise it may have to report dealings with owner Softbank and any of the Japanese outfit's hundreds of investments as well as having to consult with shareholders each time. Such transaction nevertheless played an important role in failed US companies Enron and Tyco. Critics say the move would dilute the UK's highly regarded standards of corporate governance.
Friday newspaper round-up: Netflix, Amazon, rental market
Netflix has mistakenly launched a set of guidelines for cracking down on password sharing to global users. The streaming service said the guidelines being trialled in Chile, Peru and Costa Rica had been posted accidentally across its help centre pages including in the US on Wednesday, but had since been taken down. – Guardian.
Thursday newspaper round-up: Water bills, British Gas, Meta
Households in England and Wales are facing the biggest increase to water bills in almost two decades from April, putting further pressure on budgets already weathering the cost of living crisis. The industry body Water UK said the typical water bill will increase to an average of £448 a year from April, a hike of 7. 5%. – Guardian.
Wednesday newspaper round-up: Stealth taxes, Lotus, PayPal
Almost 13,000 offshore companies holding UK property have failed to declare their ultimate owners and may now face fines and a ban on selling their land, the government has said. Martin Callanan, a business minister, praised the introduction of the new register of overseas owners of UK properties, saying it had been “invaluable for tax and revenue services, bringing transparency to opaque offshore trusts often used to obscure assets for tax purposes”. – Guardian.