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Tuesday newspaper round-up: City & Guilds, water companies, home ownership

(Sharecast News) - The new owners of the vocational training body City & Guilds appear to have more than tripled the pay of its top six executives right at the moment the company is cutting £22m of costs and shrinking its UK workforce. The large increases to salary and bonuses have emerged during a scandal over the sale of the qualification awards business by its former owner, the UK charity City & Guilds London Institute (CGLI), to the international certification company PeopleCert. - Guardian Water companies could be let off fines for polluting the environment under changes announced in the government's new white paper. The environment secretary, Emma Reynolds, hailed the changes as "once-in-a-generation reforms" featuring "tough oversight, real accountability and no more excuses". Campaigners called the proposed move to soften the approach to fines "desperate", and said the government was letting companies off the hook. - Guardian

At least 1.5 million people have been locked out of homeownership because of Britain's housing crisis, developers have warned. The scale of declining homeownership has been laid bare in a new report from the Home Builders Federation (HBF), which has blamed a lack of affordability among first-time buyers. - Telegraph

The UK has retained its ranking among global chief executives as the second most important market for international investment, beaten only by America, but international rivals are "gaining ground". Last year, Britain also secured second place in the annual global CEO survey, the highest position secured by the nation in the 29-year history of the research by PwC. - The Times

More than 10,000 businesses in Britain may save time and money as a result of plans to scrap 33 outdated restrictions, the competition regulator has claimed. The Competition and Markets Authority has set out proposals to ditch so-called "remedies" that were introduced to restrict monopolists or curb other anti-competitive behaviour. - The Times

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Tuesday newspaper round-up: IMF warning, Poundland, Burberry
(Sharecast News) - The global economy "could soon test the limits of resilience", as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned. In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. It said the rerouting of oil supplies away from the strait of Hormuz, and the release of strategic energy stocks, had helped to contain the impact on oil prices from the US-Iran war. - Guardian
Monday newspaper round-up: Budget, van drivers, Heathrow
(Sharecast News) - John Healey has been warned by Britain's leading tax and spending experts that his budget risks being a "work of fiction" unless he sets out plans to cover £35bn in spending pressures. As the war in the Middle East rattles the public finances, the Institute for Fiscal Studies (IFS) said the damage from higher inflation meant the chancellor would need to either top up funds for his current government spending plans or impose deep real-terms cuts by the end of the decade. - Guardian
Friday newspaper round-up: Goldman Sachs bonuses, TalkTalk, credit card defaults
(Sharecast News) - Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank's history. The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75.6m) of the reward, which is made up of Goldman Sachs stock. That is more than double the value of the record $47m (£35.5m) annual pay packet he was granted last year. - Guardian
Thursday newspaper round-up: Live petrol prices, Lotus, Taylor Wimpey
(Sharecast News) - Drivers will be able to see live petrol prices on Google Maps for the first time from Thursday, in a move that will help motorists shop around for the cheapest fuel. Millions of motorists will be able to find the cheapest petrol and diesel prices by searching for a local forecourt in the Google app, in what could prove to be "a major development" in making fuel prices more fair, according to campaigners. - Guardian

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