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Friday newspaper round-up: Royal Mail, fossil fuels, Anglo American
(Sharecast News) - The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), said that the potential takeover by the Czech billionaire Daniel Křetínský should provide a moment to overhaul how the company is structured, which could mirror that of US-style public benefit corporations. - Guardian The world has enough fossil fuel projects planned to meet global energy demand forecasts to 2050 and governments should stop issuing new oil, gas and coal licences, according to a large study aimed at political leaders. If governments deliver the changes promised in order to keep the world from breaching its climate targets no new fossil fuel projects will be needed, researchers at University College London and the International Institute for Sustainable Development (IISD) said on Thursday. - Guardian
The maker of "dirty" luxury sneakers worn by Taylor Swift is planning to float on the Italian stock market in a transaction that could value it at more than €3bn (£2.6bn). Venice-headquartered Golden Goose has announced plans to raise €100m (£85m) listing at least 25pc of the company on the Euronext market in Milan. - Telegraph
Rolls-Royce has secured a multimillion-pound contract to supply engines for a new class of Japanese warship. The British engineering giant confirmed on Thursday it will provide a propulsion machine for Tokyo's planned Aegis system equipped vessels (ASEVs). Each of the Japanese ships will have a propulsion system powered by two of Rolls's MT30 engines. - Telegraph
After a failed bid by BHP, Anglo American is facing a backlash from local politicians over plans to cut spending on the Woodsmith mine, as the focus shifts back to the FTSE 100 miner's radical restructuring plan. A cut in capital expenditure on the polyhalite fertiliser mine in North Yorkshire was a key part of the London-listed group's defence in fending off a £39 billion takeover by its larger rival, but it leaves about 2,000 jobs hanging in the balance. - The Times
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