Press Round-Up Short (Premium)
Monday newspaper round-up: Boeing, Tata Steel, Fortress Capital
Boeing will plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners, after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the US the government said in court filing late on Sunday. Federal prosecutors gave Boeing the choice this week of entering a guilty plea and paying a fine as part of its sentence, or facing a trial on the felony criminal charge of conspiracy to defraud the US.
Sunday newspaper round-up: Starmer, Burberry, Tesla
Keir Starmer opted to recall senior ministers from the New Labour government to join his team. The experienced hands being installed as non-political ministers include Douglas Alexander, as trade minister, or Jacqui Smith as education minister. Starmer's approach was reminiscent of Gordon Brown's attempt to build a "government of all the talents". - Guardian.
Friday newspaper round-up: Co-op ad, British Gas, Tata Steel
Publicans have called on the Co-op to pull a “disgraceful” TV advert that urges the supermarket’s customers to watch the Euro 2024 football tournament at home rather than going to the pub. The Co-op Food ad says it is hard to see the TV screen in the pub and suggests customers instead “stay in” and take advantage of a beer and pizza deal the supermarket is promoting. – Guardian.
Thursday newspaper round-up: Post Office, Amazon, UK stocks
The former chair of the Post Office has expressed “sincere regret” for the state-owned body’s failings in the Horizon IT scandal and said it was a mistake not to show a key report on the problem to its board. Tim Parker, who was chair of the Post Office between 2015 and 2022, told a judge-led public inquiry that he felt “deep sympathy” for the Post Office operatives affected by what MPs have described as one of the biggest miscarriages of justice in UK history.
Wednesday newspaper round-up: Private rents, M&S, Hipgnosis
Average private rents in Great Britain have climbed to record highs, prompting a call for the next government to prioritise measures to help create an extra 120,000 rental properties. Data shows that the typical advertised rent outside London reached a record £1,316 a calendar month in May, the property website Rightmove said. The figure for London was £2,652 a month – almost three times the £894 asked for in north-east England. – Guardian.
Tuesday newspaper round-up: Inflation, Thames Water, Randox
Britain’s next government is poised to benefit from easing pressure on household finances after a slowdown in inflation in stores and a fall in fuel prices, but costs remain “too expensive” for many families. Figures from the British Retail Consortium (BRC) show that annual UK shop price inflation cooled last month to 0. 2%, down from 0. 6% in May – the slowest pace since October 2021 – as retailers cut the prices of many of their key products, including butter and coffee.
Monday newspaper round-up: Investment bankers, energy price cap, Raspberry Pi
London’s investment bankers are expected to rake in bigger bonuses this financial year, as the City begins to recover from a two-year slump in deals caused by surging interest rates. Demand for investment banking services – such as facilitating mergers and acquisitions, advising companies and governments on fundraising, and underwriting new stock and bonds – was hit by a sharp increase in borrowing rates after the pandemic, as central banks acted to tame runaway inflation.