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Wednesday, October 10, 2018
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10 Oct 3:22pm James Murdoch favorite to replace Elon Musk as Tesla chairman – report
The Guardian
Son of media tycoon Rupert Murdoch is the lead candidate to replace the embattled Tesla founder James Murdoch is the favourite to take over the chairmanship of volatile electric-carmaker
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HStQ 13 Oct 10:29pm
HStQ 13 Oct 10:29pm
HStQ 13 Oct 10:29pm
Currencies in GBP
EUR 0,90 +0,335%
USD 0,77 +0,784%
CHF 0,78 +0,385%
10 Oct 2:23pm SoftBank punt on WeWork office space hub is risky business
The Guardian
Workspace company makes substantial losses and providing short-term office space is notoriously cyclical WeWork, according to the founders’ blurb, is “a place you join as an individual, ‘me’, but where you become part of a greater ‘we’. A place where we’re redefining success measured by personal fulfilment, not just the bottom line.” Very uplifting, but you’d probably think twice before investing. Funky murals and cheese-tasting events for tenants are eye-catching but, in the end, WeWork is a provider of office space on short-term leases, which is a notoriously cyclical game. And, despite opening offices in more than 70 cities around the world, WeWork currently makes substantial losses. However, SoftBank of Japan, one of the world’s biggest and most adventurous investors, is keen to throw serious sums at the company. It has already invested $4.4bn and, according to reports, is lining up another $10bn or $20bn. Softbank’s co-traveller is Saudi Arabia’s sovereign wealth fund via the duo’s enormous $100bn Vision Fund, which aims to make big bets on businesses of tomorrow.
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UK growth flatlines in August but quarterly picture is brighter 10 Oct 1:34pm UK growth flatlines in August but quarterly picture is brighter
The Guardian
Divisions over whether month points to underlying weakness in economy, or was just a blip The UK economy ground to a halt in August, according to official figures that suggest a slowdown in growth after the World Cup. The
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10 Oct 1:04pm Acropolis to close in one-day strike over privatisation threat
The Guardian
Trade union walkout is protest against foreign investment funds exploiting ancient sites in Greece Striking trade unionists in Greece are set to shut the country’s prime ancient sites, including the
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10 Oct 10:01am IMF warns global economic stability at risk from no-deal Brexit
The Guardian
Annual report says ongoing uncertainty could adversely affect market confidence A no-deal Brexit would send shockwaves through the global financial system and is one of the main risks to economic stability, the International Monetary Fund has warned. Echoing concerns
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UK economy flatlines in August but grows by 0.7% over the quarter - business live 10 Oct 9:37am Updated UK economy flatlines in August but grows by 0.7% over the quarter - business live
The Guardian
Britain’s economy ground to a halt in August but quarterly growth hit 0.7%, boosted by demand for retail and food and drink during the heatwave
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10 Oct 4:01am Patisserie Valerie shares suspended over accounting black hole
The Guardian
Owner notified of ‘significant, and potentially fraudulent, accounting irregularities’ The owner of Patisserie Valerie has suspended its shares after the discovery of potentially fraudulent accounting irregularities. Patisserie Holdings said it has been notified of “significant, and potentially fraudulent, accounting irregularities and therefore a potential material mis-statement of the company’s accounts”.
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Investors cautious ahead of UK growth figures - business live 10 Oct 3:53am Updated Investors cautious ahead of UK growth figures - business live
The Guardian
Factors including Italy’s rising borrowing costs and US/China trade war weigh on sentiment, as UK investors await growth figures for August
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We want a fare deal over Tui’s failed taxi booking 10 Oct 2:00am We want a fare deal over Tui’s failed taxi booking
The Guardian
Although it was part of our package, it won’t refund us the cost of hiring our own
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Shoebox Britain: how shrinking homes are affecting our health and happiness 10 Oct 1:00am Shoebox Britain: how shrinking homes are affecting our health and happiness
The Guardian
The slicing and dicing of housing is redefining the idea of home. Those forced to live in ever smaller spaces describe how this changes their lives
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Darling and Howard back call for post-Brexit carbon tax 9 Oct 7:01pm Darling and Howard back call for post-Brexit carbon tax
The Guardian
Policy Exchange report calls for steadily rising levy to help tackle climate change Companies selling fossil fuels in Britain should face a steadily rising carbon tax to tackle climate change after Brexit, according to the former Labour chancellor Alistair Darling and the Conservative party grandee Michael Howard. In a cross-party campaign to ensure the government sticks to its commitment to cut carbon emissions after Britain leaves the EU, the two politicians said a tax should be introduced as soon as reasonably possible.
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Revised plans for Thames crossing attract controversy 9 Oct 7:01pm Revised plans for Thames crossing attract controversy
The Guardian
£6bn Lower Thames Crossing scheme meets opposition from environmental campaigners A major new road incorporating the Lower Thames Crossing will be a three-lane dual carriageway throughout to almost double road capacity across the river, Highways England has announced, as the revamped £6bn scheme goes out to fresh public consultation. The government says the controversial link from Essex to Kent, billed as Britain’s most ambitious road scheme since the M25 motorway orbiting London was built, will boost south-east England’s economy and tackle congestion across the Thames east of London when it opens in 2027.
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Nissan censured by ad watchdog over electric car claims 9 Oct 7:01pm Nissan censured by ad watchdog over electric car claims
The Guardian
Carmarker had suggested Leaf could largely replenish battery capacity within an hour The UK advertising watchdog has ruled Nissan made misleading claims about how fast its flagship electric car can be recharged, marking the first time a car manufacturer has been censured over charging speeds. An advert by the Japanese carmaker said the new Leaf,
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Halt universal credit or face summer of discontent, Gordon Brown tells PM 9 Oct 7:01pm Halt universal credit or face summer of discontent, Gordon Brown tells PM
The Guardian
Ex-Labour leader says Tory welfare scheme could push millions more into poverty Britain is on course for a summer of discontent and poll tax-style chaos unless Theresa May scraps plans for a full national rollout of universal credit next year, the former prime minister Gordon Brown is to say. In a ferocious attack on the government’s flagship welfare reform, Brown predicts that a complex application process alongside Treasury spending cuts will plunge a million more children into poverty and increase reliance on food banks.
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