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Wednesday newspaper round-up: Heathrow, InstaDeep, LNG

Wed 12 Nov 2025 07:19

(Sharecast News) - Renewables will grow faster than any major energy source in the next decade, according to the world's energy watchdog, making the transition away from fossil fuels "inevitable", despite a green backlash in the US and parts of Europe. The world is expected to build more renewable energy projects in the next five years than has been rolled out over the last 40, according to the flagship annual report from the International Energy Agency (IEA). - Guardian The music industry contributed a record total of £8bn to the UK economy in 2024, powered in part by Taylor Swift's Eras tour and Take That's stadium run. According to figures in the annual report from UK Music, the umbrella organisation encompassing a range of bodies including the BPI and PRS for Music, the figure is a 5% rise from the £7.6bn contributed to UK GDP in 2023. As well as tours generating revenue through ticket sales, tourism and more, the £8bn figure also factors in revenue from recorded music, whether via sales, streaming, commercial deals and other sources. - Guardian

Heathrow has accused Rachel Reeves of an "own goal" on tax, warning that a planned £500m increase in the airport's business rates bill will undermine pro-growth expansion plans. The airport said proposals for a fivefold rise in its business rates bill from the current £121m would be "unacceptable" to any company. - Telegraph

One of Britain's leading artificial intelligence entrepreneurs has moved his residency to Switzerland, according to new company filings, amid concerns about the departure of high-net worth individuals. Karim Beguir, the co-founder and chief executive of InstaDeep, the London-registered AI company, which was sold to BioNTech for up to £562 million two years ago, changed his residency from the UK at the end of July, the filing at Companies House suggests. - The Times

Lower gas prices are on the horizon after a surge of approvals for new liquefied natural gas projects this year compounded forecasts of a looming global supply glut, according to the International Energy Agency. By 2030 global supplies of LNG are expected to increase by 50 per cent, adding an "unprecedented" 300 billion cubic metres of annual supply capacity, the agency said in its annual World Energy Outlook. - The Times

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(Sharecast News) - Expanding Heathrow airport will take thousands of jobs from other regions of the UK, including almost 10,000 from the West Midlands alone, according to an analysis of the government's own forecasts. An economic paper published by the Department for Transport last month shows that airports in England and Wales are likely to lose millions of passengers if Heathrow builds a third runway, in a significant blow to regional jobs. - Guardian
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(Sharecast News) - Business rates will be cut by 20% for pubs, clubs and live music venues across England from April next year, Downing Street has announced. The discount will apply to nearly 32,000 hospitality businesses and is expected to save a typical pub about £1,100 annually, but will not be available to the very largest live music venues. - Guardian
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(Sharecast News) - Donald Trump must divulge detailed financial information from his many businesses as part of his $10bn defamation lawsuit against the British Broadcasting Corporation, a federal judge ruled during a discovery hearing on Tuesday, according to news reports. The ruling by US magistrate judge Enjoliqué Lett could open a unique window into the hundreds of businesses owned by Trump's family trust. It also highlights a potential drawback for Trump's strategy of bludgeoning critical media with multibillion-dollar lawsuits. - Guardian

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