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Monday newspaper round-up: Turkey election, inflation, cannabis, Isle of Man, licence fee

(Sharecast News) - Record high turnout in a tightly fought election has presented the Turkish president Recep Tayyip Erdoğan with the greatest challenge to his leadership in two decades, with signs that the vote was heading for a runoff even as Erdoğan attempted to claim victory before an official vote count had ended. Speaking to a jubilant crowd of supporters, an energised and delighted Erdoğan declared: "The fact that the election results have not yet been finalised does not diminish the fact that our nation's choice is clearly in favour of us." - Guardian Graduates entering the labour market face real terms hits of up to £6,500 to their wages as starting salaries fail to keep pace with rampant inflation. University leavers starting work now are thousands of pounds worse off than before the pandemic, Telegraph analysis of Indeed data shows. The average graduate entering the job market today has a starting salary of £26,500, up from £24,000 at the start of 2019. - Telegraph

President Zelensky will be in London today for "substantive negotiations" with the prime minister, Rishi Sunak. The Ukrainian leader wrote on Twitter that the UK was a "leader" in supporting Ukraine and that "when it comes to expanding our capabilities on the ground and in the air". - The Times

The Isle of Man has for decades been dominated by offshore financial services, but now its government is planning a push for a new kind of economic growth: medicinal cannabis. The British crown dependency is hoping to licence as many as 10 firms by the end of 2025 to grow and export medicinal cannabis products from the island as part of a strategy to spur development. - Guardian

An Irish property tycoon behind Claridge's said he wanted to hire a "non-gay" manager to run the luxury London hotel, according to documents filed in the High Court. Patrick McKillen is also said to have described a female contractor as a "Spanish c---". The allegations mark the latest twist in a row between Mr McKillen and the Qatari royal Sheikh Hamad bin Jassim bin Jaber al-Thani, who controls the Maybourne Hotel Group, which owns Claridge's as well as the Berkeley and The Connaught hotels. - Telegraph

A project to update the technology behind the BBC's licence fee is behind schedule, over budget and considered to be in a critical state by Capita, the outsourcing company responsible for it. The project has been classified within Capita as "red", needing urgent attention, on an internal traffic-light system. Capita is responsible for administering the licence fee on behalf of the broadcaster in a five-year deal worth £456 million, after it won an extension to its contract last year. - The 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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