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Tuesday newspaper round-up: Kamala Harris, Crowdstrike, Vivendi...

(Sharecast News) -

Kamala Harris has secured enough delegates from her party to clinch the Democratic presidential nomination, as she pledged to offer Americans a "brighter future" compared to the "chaos, fear and hate" proposed by Donald Trump. The US vice-president was speaking in Wilmington, Delaware, on Monday, the first full day since President Joe Biden dropped his re-election bid and endorsed her for the Democratic presidential nomination, shaking up the 2024 race for the White House. - Financial Times A US Congressional committee has called on CrowdStrike's chief to testify at a hearing about the cybersecurity firm's role in the global tech outage that brought flights, banks, and hospital procedures to a halt. On Friday, a major tech outage embroiled the world in chaos as computers running Microsoft Windows began to show the "blue screen of death", which later became clear was due to a faulty update to a CrowdStrike software. - The Independent

Vivendi plans to float its French TV business Canal+ in London, providing a shot in the arm for the capital's stock exchange after a number of high-profile companies opted for rival international financial centres such as New York. The move is part of a drive to break up the media conglomerate controlled by the billionaire Vincent Bolloré to realise value from its different operations. - The Guardian

The flooring retailer Tapi has struck a multimillion-pound deal to rescue the Carpetright brand and a number of stores from its collapsed rival's administrators. Tapi is to buy the Carpetright brand, intellectual property, 54 stores and two warehouses, in a pre-pack administration deal that will complete today and save over 300 jobs. - The Times

The former Cabinet minister Nadhim Zahawi is leading a potential bid to buy The Telegraph, it has been claimed. Mr Zahawi, whose Cabinet appointments included a two-month stint as chancellor in 2022, has been approaching investors about a £600m bid for The Telegraph and The Spectator, according to Sky News. Mr Zahawi has discussed funding a potential bid with the Reuben family, the property billionaires who own a stake in Newcastle United Football Club, it was reported. - The Telegraph

Labour is likely to have to approve new gas-fired power stations in its attempt to decarbonise the UK's electricity systems by 2030, in what would be a tricky decision for the new government. Keeping the lights on for the rest of the decade, and beyond, will require some additional baseload power, and new nuclear power stations will not be built in time, according to a report from the National Engineering Policy Centre. - The Guardian

Google's parent company and Wiz have ended talks on a proposed $23bn acquisition, terminating what would have been the largest deal in the search group's history. Google parent company Alphabet had been in talks to buy the Israeli cyber security company in what would also have ranked as the biggest ever purchase of a venture-backed company, according to PitchBook, a data provider. - Financial Times

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Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
(Sharecast News) - Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. - Guardian
Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph

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