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Friday newspaper round-up: Royal Mail, rail strikes, Tim Cook

(Sharecast News) - Royal Mail has been hit by a ransomware attack by a criminal group, which has threatened to publish the stolen information online. The postal service has received a ransom note purporting to be from LockBit, a hacker group widely thought to have close links to Russia. Royal Mail revealed that it had been hit by a "cyber incident" on Wednesday, and said it was unable to send parcels or letters abroad. The company asked customers to refrain from submitting new items for international delivery, although domestic services and imports were unaffected. - Guardian Union leaders have agreed to work jointly with train operating companies on a revised pay offer after a meeting to resolve the long-running dispute over remuneration, jobs and conditions. Representatives from the RMT and TSSA unions met on Thursday with the Rail Delivery Group (RDG), representing train operating companies, in an effort to break the deadlock after months of disruption to the network from 24-hour strikes. - Guardian

Tim Cook, chief executive of Apple, is to have his pay package cut by more than 40 per cent to $49 million this year, at his own request. In a US stock market filing last night the tech company said that Cook, 62, will have a "target compensation of $49 million in 2023, a decline of around 40 per cent compared to what he earned in 2022". The Apple chief's latest pay was based on "balanced shareholder feedback, Apple's exceptional performance and a recommendation from Mr Cook," the iPhone maker said in the filing. - The Times

The British Army is to use 3D metal printed parts to repair armoured vehicles for the first time in a move which could extend the life of much of the force's equipment. The pieces, made using a layering process by adding small amounts of steel to build a part, were fitted to periscopes on Titan armoured bridge launchers and Trojan minesweepers. - Telegraph

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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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