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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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Wednesday newspaper round-up: Energy bills, O2 , BT/TalkTalk, Meta
(Sharecast News) - John Healey is planning a major intervention to cut energy bills for poorer households in this month's budget, after ministers became alarmed at forecasts that show bills rising by hundreds of pounds in January. The chancellor is working on plans to spend more than £1bn to help energy consumers, the bulk of which is likely to go towards increasing the discount given to households on certain benefits. - Guardian
Tuesday newspaper round-up: FCA, housebuilders, Panmure Liberum
(Sharecast News) - A top UK regulator has launched an investigation into how it handled a whistleblower - who highlighted alleged ties between the late sex offender Jeffrey Epstein and the US commerce secretary, Howard Lutnick - after he took his own life. The British banker Simon Andriesz died late last month aged 57, the campaign group Transparency Task Force, of which he was a member, confirmed over the weekend. - Guardian
Monday newspaper round-up: North Sea strikes, BT/TalkTalk, bank taxes
(Sharecast News) - A looming strike by oil workers in the North Sea could "severely disrupt" UK fuel supplies, the Unite union has said, adding that staff were left with no choice after a breakdown in pay talks with the Texas oil company Apache. The union said Apache workers had "emphatically" backed strike action after being given what it said was an unacceptable pay offer that amounted to a real-terms pay cut for many employees, at a time when the company was "raking in eye-watering profits". - Guardian
Friday newspaper round-up: BBC, airlines, OpenAI
(Sharecast News) - The BBC has started a redundancy process in its TV and streaming division, heightening staff fears that Matt Brittin will announce the closure of the poorly performing BBC Three and BBC Scotland channels next week. The corporation's director general, who has repeatedly said that linear TV and radio services may have to shut as audiences move online, is expected to inform staff on Wednesday of the latest stage of a plan to save £500m and shed up to 2,000 jobs. - Guardian

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