Press Round-Up Full (Premium)
Friday newspaper round-up: Microsoft, mortgage rates, Boeing, Alphabet, Trump
Microsoft beat Wall Street estimates for its third-quarter revenue last night, driven by gains from artificial intelligence adoption across its cloud services and business software products. The company said its revenues had risen to $61. 9 billion, up by 17 per cent and exceeding the $60. 8 billion, or 15 per cent rise, that had been forecast. Its net income was $21. 9 billion, up by 20% from the year before. - The Times.
Thursday newspaper round-up: Royal Mail, welfare bill, Boeing, Alstom, Federal Reserve
The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group’s Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretinsky, revealed on Tuesday that it had made a “non-binding indicative proposal” to the board of International Distributions Services (IDS), Royal Mail’s parent company, on April 9 seeking its recommendation for a possible cash offer for the remainder of the shares it does not already own.
Wednesday newspaper round-up: IMF, champagne, Boeing, Plus500, Trump Media
Rising energy prices and disruption to international shipping risk “stalling” declines in inflation in leading economies, the International Monetary Fund has warned, telling central banks that the “last mile” of their battle against price rises may be the hardest. In its latest assessment of global financial stability, the IMF said markets were vulnerable to another round of volatility if investors continued to push back their expectations for interest rate cuts this year, leading to falls in bond and stock prices.
Tuesday newspaper round-up: Tesla, Trump trial, Boeing, Thames Water, Apple
Tesla is to cut more than 14,000 jobs as Elon Musk’s groundbreaking electric car company feels the heat of a global price war with Chinese rivals at the same time as stalled demand for zero-emission vehicles. In an email to staff amid reports that workers in California and Texas have begun receiving redundancy notices, Musk stated: “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity.
Monday newspaper round-up: Barclays, Middle East, fuel prices, oil exploration, tax havens
A 20-year-old children’s charity that shut down after an error by Barclays led to its account being closed was offered only £250 in compensation by the bank. JusB, which worked with young people from disadvantaged backgrounds, initially was offered the sum along with an apology for a mistake that resulted in the charity being cut off from its finances for nearly a month last year. This offer was increased later to £525, which Sir Robert Neill, the charity’s constituency MP, called “trivial” and said “bears no relation to the harm done”.