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Friday newspaper round-up: Apple, Amazon, energy bills

(Sharecast News) - People from working-class backgrounds employed in professional careers earn £6,000 less compared to those from other backgrounds in the same jobs, findings from the Social Mobility Foundation show, underscoring the UK's "shameful" class pay gap. Professionals from poorer upbringings face an average salary of £45,437 - 12% lower than the £51,728 for people from more affluent origins - in research based on quarterly Labour Force Surveys from 2014 to 2022. - Guardian Apple plans to adopt a messaging standard that will allow for a smoother texting experience between iPhones and Android devices, long a point of contention with rival Google. For years, Apple has refused to make its products play nice with devices not designed under its roof, a dynamic exemplified in the green background that is the hallmark of iPhone-to-Android chats. - Guardian

Amazon will start selling cars online from next year, the retail giant has announced. Customers in the United States will be able to choose, customise and buy a vehicle and schedule delivery through a local dealer. Marty Mallick, Amazon's vice-president, said the move was aimed at "changing the ease with which customers can buy vehicles online". - Telegraph

Business leaders and trade bodies from across the UK have called on the chancellor to provide a permanent tax break for investment in next week's autumn statement. In a letter to Jeremy Hunt, almost 100 chief executives and directors of companies including Siemens, Nissan and Astrazeneca urged the government to announce a full expensing regime for companies beyond the current three years, which they say would have a "transformational impact on business investment and growth". - The Times

Energy bills will rise by 5 per cent or almost £100 a year from January after the Israel-Hamas war and industrial action in Australia pushed up gas prices, leading analysts have warned. A household with typical consumption will pay an average of £1,931 a year under the energy price cap from January 1, up from £1,834 at present, according to final forecasts from the consultancy Cornwall Insight. That increase will reverse most of the drop in prices in October when Ofgem last updated the level of the cap, which limits gas and electricity tariffs for most households in Britain. - The Times

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Sunday newspaper round-up: Rentokil, Ukraine, Crowdstrike
(Sharecast News) - BT's former chief executive officer, Philip Jansen, is plotting to takeover Rentokil Initial with the help of private equity. As part of the acquisition, Jansen would take over as executive chairman. In particular, the corporate dealmaker and his financial supporters would focus on making Rentokil's 2022 purchase of US peer Terminix work. In a second phase, the company would move on to acquiring other US companies in the same sector. - Sunday Times
Thursday newspaper round-up: Aslef, unemployment, Microsoft
(Sharecast News) - The co-founders of Silicon Valley's most prominent venture capital firm have announced their support for Donald Trump's bid for re-election, and plan to make substantial donations to back him further. Ben Horowitz and Marc Andreessen, the heads of Andreessen Horowitz, commonly known as A16Z, revealed their plans in a sprawling 90-minute podcast, in which they argued that the future of "American innovation" required a Trump victory. - Guardian
Wednesday newspaper round-up: Harland & Wolff, Octopus Energy, Microsoft
(Sharecast News) - Local councils will have to adopt mandatory housing targets within months under planning reforms to be unveiled on Wednesday as part of Keir Starmer's first king's speech, which the prime minister says will be focused on economic growth. Starmer will introduce a package of more than 35 bills on Wednesday, the first Labour prime minister to do so in 15 years, as he looks to put the economy at the centre of his first year in office. - Guardian
Tuesday newspaper round-up: Elon Musk, Julian Dunkerton, SSE/TotalEnergies
(Sharecast News) - Elon Musk has said he plans to give $45m a month to a Super Pac focused on electing Donald Trump, starting in July, the Wall Street Journal has reported. The tech billionaire, who endorsed Trump two days ago, has already donated what was described as "a sizable amount" to the America Pac, though the actual amount of the donation will not be made public in election filings until 15 July, Bloomberg reported. - Guardian

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