Press Round-Up Full (Premium)
Monday newspaper round-up: NatWest, economic slowdown, EU tariffs, Conduit Pharma, HS2
NatWest hired private detectives to look into the health of borrowers who owed money to its notorious Global Restructuring Group, it has been claimed. A “tracing agent” convicted of illegally obtaining personal information of bank customers has alleged that NatWest instructed him to report on debtors’ health conditions during the scandal at GRG. - The Times.
Friday newspaper round-up: Sterling, interest rates, Brexit, heat pumps, Rupert Murdoch
The pound dipped to its lowest level in six months, and bonds rallied after the Bank of England held borrowing costs steady for the first time since November 2021 in a finely balanced decision. Investors sold sterling after the announcement, pushing the pound 0. 5 per cent lower against the dollar to $1. 22, its weakest level since March. - The Times.
Thursday newspaper round-up: Wilko, green targets, inflation, Nationwide, high street
Wilko’s administrators are to question majority shareholder Lisa Wilkinson on the £77 million in dividends paid out to investors in the decade before the retailer’s collapse, as calls grow for the Wilkinson family to plug a £56 million hole in workers’ pension pots. The Times understands that PwC will conduct a review into the dividends paid out to the Wilkinson family and the retailer’s other directors as part of a wider investigation into company transactions in the years building up to the administration.
Tuesday newspaper round-up: Electric cars, supermarkets, HS2, oil prices, Fed protests
Hopes for the mainstream adoption of electric cars have been punctured by figures revealing a fall of more than 11 per cent in the sale of zero-emission vehicles to private buyers. The Society of Motor Manufacturers and Traders has said that motorists are holding back from the switch because of continued uncertainty about whether a government ban on petrol and diesel cars will be enforced, the cost of electric vehicles, the cutting of financial incentives, and fears about the lack of a public recharging network.