Monday newspaper round-up: Train drivers, bank chairs, Ocado, cash ISAs

(Sharecast News) - Labour will introduce legislation to lower the minimum age for train drivers to 18 in the House of Commons this week, as figures show fewer than 3% of drivers on Great Britain's railways are under 30. The government is pressing ahead with its proposals for teenage recruits, lowering the minimum age from 20, in a move that ministers hope will stave off a potential shortage of thousands of drivers. - Guardian Bank chairs who water down their lenders' climate commitments this year could face embarrassing shareholder revolts as campaigners try to hold bosses to account for environmental backtracking. ShareAction, a campaign group for responsible investment, will be issuing detailed reports to pension funds and asset managers in the coming weeks, outlining whether 34 of the world's largest lenders are sticking to their climate goals. - Guardian

Ocado is preparing to cut as many as 1,000 jobs as part of a scramble to drive down costs. The struggling online supermarket, which employs around 20,000 staff, is preparing to reduce headcount to save hundreds of millions of pounds. The proposed redundancies could be approved later this month, with those in its head office most likely to be affected. However, a final decision has yet to be made. - Telegraph

Rachel Reeves has been warned that her tax raid on cash Isas will push savers towards online scammers. The Chancellor's decision to cut the annual cash Isa limit by £8,000 by 2027 will lead more people to be sucked into investment frauds that entice people with the promise of high returns, according to challenger bank Starling. - Telegraph

Two peregrine falcons are causing uncertainty over a plan for a 21-storey office block near the Barbican in London after City authorities warned the developer of 1 Silk Street that the birds are using nearby towers as breeding sites. Lipton Rogers, the London property company behind the proposal for the £450 million offices, has been told it must determine whether the falcons are nesting at its site, The Sunday Telegraph reported. - The Times