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Monday newspaper round-up: Scottish Power, South East Water, Elon Musk

(Sharecast News) - Scottish Power has been ranked Britain's worst energy supplier for customer service in a survey from a leading consumer body that placed many of the UK's biggest suppliers at the bottom of the league table. British Gas and EDF Energy were just above Scottish Power at the foot of the annual Which? rankings. These are based on a satisfaction survey of almost 12,000 energy customers and a Which? assessment of each supplier's customer service. - Guardian Thousands of residents across Kent are still dealing with water supply issues after yet more outages from the under-fire operator, South East Water. The water supply of more than 5,500 households was affected on Sunday evening due to a treatment works fault, a power outage and two burst mains. A major incident was declared earlier this week when 30,000 homes in Kent and Sussex were left without water for days. South East Water has faced heavy criticism from MPs and the public after a similar outage before Christmas left 24,000 people in Tunbridge Wells without drinking water for two weeks. - Guardian

Rachel Reeves is preparing to inject tens of millions of pounds into an Oxford self-driving car pioneer as Labour gets ready to unleash autonomous vehicles on Britain's roads. The £28bn National Wealth Fund (NWF), which is backed by the Treasury, is nearing a deal to plough taxpayer cash into Oxa, the driverless car start-up founded by experts from Oxford University. - Telegraph

Elon Musk is seeking damages of up to $134 billion from OpenAI and its long-time backer Microsoft, claiming he deserves the "wrongful gains" both companies received from his early support. In a federal court filing on Friday, Musk's lawyer claimed the ChatGPT owner gained between $65.5 billion and $109.4 billion from Musk's contributions when he co-founded OpenAI with its chief executive Sam Altman in 2015, while Microsoft, which has a 27 per cent stake in OpenAI, gained between $13.3 billion and $25.1 billion. - The Times

A government-backed campaign to kickstart retail investment in corporate bonds is to be launched on Monday with the introduction of a kitemark system set up to reassure novice investors. Direct investment in the bonds by individuals has collapsed in recent years after EU rules effectively prevented any single investment of less than £100,000. That floor has now been scrapped, allowing bond transactions to start at as little as £1. - The Times

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Thursday newspaper round-up: AI companies, Waitrose, gas standing charges
(Sharecast News) - AI companies have told ministers they have 12 months to head off public opposition to datacentres in the UK or risk US-style protests that could threaten their construction. Successive dry summers and rising energy bills are increasing public scrutiny of plans for the huge computer warehouses that are used to train and run AI models, says a submission to the Labour government from a group including the AI infrastructure companies Nvidia, Microsoft and Cisco. - Guardian
Wednesday newspaper round-up: SpaceX, NatWest, Anthropic
(Sharecast News) - The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs. While Labour's 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences. - Guardian
Wednesday newspaper round-up: SpaceX, NatWest, Anthropic
(Sharecast News) - The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs. While Labour's 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences. - Guardian
Tuesday newspaper round-up: Thames Water, North Sea workers, tobacco companies, John Lewis
(Sharecast News) - Andy Burnham has told officials to rip up their plans for how to fix Thames Water and present him with more radical options for what to do with the stricken company. In an early test of his promise to bring "the essentials of life" under public control, the prime minister is urging his advisers to go back to the drawing board and create a new list of policies for the utility. One option being looked at is to convert about £100m of outstanding fines into a government stake in the company, saving its creditors money but giving ministers some say in how it is run. - Guardian

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