Tuesday newspaper round-up: Greenpeace, Temu, Strava, Wayve

(Sharecast News) - Greenpeace is threatening to sue King Charles's property management company, accusing it of exploiting its monopoly ownership of the seabed. The environmental lobby group alleges the crown estate has driven up costs for wind power developers and boosted its own profits, as well as the royal household's income, due to the "aggressive" way it auctions seabed rights. - Guardian The Chinese online marketplace Temu's EU operations more than doubled pre-tax profits last year to just below $120m (£90m) despite employing just eight people, accounts show. They rose 171% in the 12 months to December 2024 compared with the $44.1m the year before, as shoppers snapped up its low-cost goods, which are widely promoted on social media. - Guardian

Virgin Atlantic has announced the departure of its long-serving chief executive Shai Weiss and named a new boss to lead its high-stakes battle with Heathrow over the bill for a third runway. Dutchman Corneel Koster will assume the leadership on January 1 as Mr Weiss, who has led Sir Richard Branson's airline for seven years, stands down. Mr Koster, 54, is currently Virgin's chief customer and operating officer and has worked at the company in two stints spanning nine years. - Telegraph

Strava is set to join the crowd of highly valued American start-ups going public in the US as the boss of the exercise-tracking platform said the company intends to float. The San Francisco-based company, which was valued at $2.2 billion after a funding round finished in May, has maintained momentum after benefiting from a sharp increase in people taking up outdoor activities during the pandemic. - The Times

Wayve, one of the UK's top AI start-ups, is in early discussions with Microsoft and SoftBank to raise up to $2 billion of new funding. In a sign of the deal-making frenzy around leading AI businesses, the London-based driverless car company would be valued at $8 billion if the investment went ahead, according to a report in the Financial Times. - The Times