Tuesday newspaper round-up: Working tenants, Arm, Home Reit

(Sharecast News) - Millions of Britons did not switch on their heating during cold snaps last winter in an attempt to save on their energy bills as the cost of gas and electricity soared. Almost nine in 10 households tried to cut back on their energy usage last winter, while almost half of all British households, or 13m homes, said they did not turn on their heating when it got cold, according to a survey of 4,000 people by the consumer group Which?. - Guardian A third of working tenants in England do not have enough savings to pay rent if they lose their job, putting them at risk of losing their home, according to research by the housing charity Shelter. Record rents and the rising cost of other household bills are putting tenants' finances under pressure and mean many are unable to set money aside for emergencies. - Guardian

Britain's post-Brexit immigration system has helped make the country even more attractive to foreign workers than the European Union, according to job site Indeed. Interest in British job postings from international candidates has soared since the post-Brexit immigration overhaul in 2021, Indeed said. Views of UK job listings on Indeed's website from people outside of Britain have risen by 142pc since early 2021 and are now far higher than at any point since at least 2017. - Telegraph

Arm, the British chip innovator, has confirmed its intention to float on New York's Nasdaq exchange, setting the stage for what is likely to be the biggest stock market listing this year. The Cambridge-based company did not reveal the number of shares it was selling or the pricing of its offering in its filing yesterday with the US Securities and Exchange Commission. Last week, however, Softbank bought a 25 per cent stake in Arm that valued it at $64 billion, returning money to its Vision Fund and potentially setting a floor for the valuation. Analysts at Redburn said the expectation for the deal was in the $37 billion to $44 billion range, while the total range could be anything between $19 billion and $76 billion. - The Times

The board of Home Reit and its new advisers have been given permission by investors to redraw its investment strategy to get the business back on track. The property group, which billed itself as a "landlord for the homeless", had asked its shareholders to accept a number of changes at a general meeting yesterday. - The Times