Market Buzz
Thursday newspaper round-up: Capita, Airbnb, Unilever
The chief executive of the London Stock Exchange has called for the bosses of UK companies to be paid more in order to match their counterparts in the US. Julia Hoggett argued that British companies were finding it difficult to attract and retain executives because they offered smaller pay packages than rivals in the US. – Guardian.
Wednesday newspaper round-up: Energy suppliers, Carl Icahn, Dyson
Energy suppliers will be forced to offer vulnerable households dedicated phone lines in a drive by the regulator Ofgem to improve poor treatment of the most disadvantaged customers. The regulator is planning a crackdown on suppliers’ conduct after a slump in customer service during the energy crisis with long call waiting times and difficulty contacting companies. – Guardian.
Tuesday newspaper round-up: GSK, Berkeley Homes, Jamie Dimon
The man often touted as the godfather of AI has quit Google, citing concerns over the flood of fake information, videos and photos online and the possibility for AI to upend the job market. Dr Geoffrey Hinton, who with two of his students at the University of Toronto built a neural net in 2012, quit Google this week, the New York Times reported. Hinton, 75, said he quit to speak freely about the dangers of AI, and in part regrets his contribution to the field. He was brought on by Google a decade ago to help develop the company’s AI technology.