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Monday newspaper round-up: Train strikes, fuel poverty, Evergrande

(Sharecast News) - Train drivers will keep striking to "raise the profile" of their dispute after half a decade without a pay rise, the Aslef union has warned, before another week of rolling strikes across England. Aslef's general secretary, Mick Whelan, has said he believes that the government will make renewed efforts to see train companies use controversial new anti-strike laws, despite the union forcing a climbdown this time round. - Guardian Millions of households will still be living in fuel poverty by the end of the decade, and could be forced to pay almost £500 a year extra on their bills because of the government's slow progress on meeting its home energy efficiency targets, according to a study. A fuel poverty charity has found that 3m households in England are expected to remain in fuel poverty by 2030 because the government is expected to miss a legally binding target on upgrading the energy efficiency of homes "by a staggering margin". - Guardian

A Hong Kong court on Monday issued the liquidation of battered Chinese property giant Evergrande after lawyers failed to convince a judge it had a working restructuring plan. Once China's biggest developer, Evergrande has reported more than $300 billion in liabilities and its troubles have become a symbol of a years-long property crisis that has dealt a massive blow to the country's economy. A creditor in 2022 filed a winding-up petition in Hong Kong against China Evergrande Group - which would begin the process of liquidation - but the case has dragged on while parties tried to broker a deal. - Telegraph

The share of listed UK companies warning investors that profits will miss expectations has surpassed a peak reached during the 2008 financial ­crisis, research shows. Some 18.2 per cent of listed companies issued a profit warning last year, above the 17.7 per cent peak of 2008, as higher interest rates and ­fragile ­demand weighed on corporate balance sheets, according to EY-Parthenon, the consultancy service. - The Times

The businessman seeking to turn around Britishvolt, the collapsed battery start-up, has been arrested and charged in the United States over allegations of assault and harassment. David Collard, 39, founder of Recharge Industries and a former partner at PwC, is facing the charges after an alleged incident on Madison Avenue in New York at about 1.30am on November 15. - The Times

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Wednesday newspaper round-up: Red tape, billionaires, diesel emissions
(Sharecast News) - Rachel Reeves has claimed that rules and red tape are acting as a "boot on the neck" of businesses and risk "choking off" innovation across the UK without bold reforms. In a speech to City bosses attending the Mansion House dinner at London's Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. - Guardian
Tuesday newspaper round-up: Rachel Reeves, electric cars, Marks & Spencer
(Sharecast News) - Rachel Reeves will claim that cutting red tape for City firms will have trickle-down benefits for households across Britain, as she tries to drum up support for a new financial services strategy. A raft of regulatory reforms are due to be announced by the chancellor on Tuesday, in what the Treasury says will be the "biggest financial regulation reforms in a decade". It will come before her Mansion House address to City bosses during a dinner at Guildhall in London on Tuesday evening. - Guardian
Monday newspaper round-up: Pubs, country houses, Severn Trent
(Sharecast News) - The boss of the pub chain Greene King has called for changes to business rates to remedy "unfairness" that he said added to financial pressures on the struggling pubs industry. Nick Mackenzie, Greene King's chief executive, said the business rates system of property taxes should be changed to a tax on profits. - Guardian
Sunday newspaper round-up: EU tariffs, Begbies Traynor, Burberry's
(Sharecast News) - The US President announced that imports from the EU and Mexico would both be taxed at 30% commencing on 1 August. The announcement was a surprise for both Brussels and the US trade representative, Jamieson Greer, as both believed that they had reached a deal that would be acceptable to both sides. EU trade ministers' previously scheduled Monday meeting will now see them come under pressure to show a "tough" reaction. - Guardian

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