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Wednesday newspaper round-up: SpaceX, NatWest, Anthropic

(Sharecast News) - The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs. While Labour's 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences. - Guardian As SpaceX released its second-ever public earnings report Tuesday, Elon Musk declared his support for combining the aerospace and AI company with his electric vehicle company, Tesla. He said both companies had created special committees to explore a potential merger, but have not reached any agreement on terms of a transaction. "Both SpaceX and Tesla have formed special committees to discuss this idea at the request of shareholders and these special committees are, uh, consist of independent directors," Musk said on the call. "Because I'm a conflicted party, I can't actually be in the discussions of the special committees." - Guardian

NatWest is forcing tens of thousands of staff members back into the office in the latest crackdown on remote working. The high street bank has told roughly 13,500 "remote-first" employees who currently go into work just two days a month that they will be expected in the office at least two days a week. The new policy will also require a further 17,000 hybrid workers, who currently only have to be in the office for three days a fortnight, to come in more regularly. The changes will come into effect from February next year. - Telegraph

Anthropic lost more than $80bn (£59.8bn) in the first half of the year as the artificial intelligence (AI) giant burns through cash before its blockbuster stock market float. The company behind the Claude chatbot reportedly posted a net loss of $80.7bn in the first half of 2026, a substantial increase from the $13bn it lost in the same period last year. Anthropic said the increased losses largely reflect accounting adjustments associated with its financing agreements. - Telegraph

The City regulator is facing a fresh scandal after it emerged it had been scrutinising a major promoter of "loan note'' investments for more than a decade before it began High Court action last month. The Financial Conduct Authority is pursuing an entrepreneur and podcaster, known for interviewing sports stars including Michael Owen and Harry Redknapp, over allegations that he "knowingly'' operates a major "Ponzi" scheme, court filings show. - The Times

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Tuesday newspaper round-up: Thames Water, North Sea workers, tobacco companies, John Lewis
(Sharecast News) - Andy Burnham has told officials to rip up their plans for how to fix Thames Water and present him with more radical options for what to do with the stricken company. In an early test of his promise to bring "the essentials of life" under public control, the prime minister is urging his advisers to go back to the drawing board and create a new list of policies for the utility. One option being looked at is to convert about £100m of outstanding fines into a government stake in the company, saving its creditors money but giving ministers some say in how it is run. - Guardian
Monday newspaper round-up: Profit warnings, British steelmakers, Microsoft
(Sharecast News) - The number of profit warnings from UK-listed companies has risen to the highest level in two years, as the war in the Middle East triggers a surge in costs for businesses before the budget. With less than a fortnight before John Healey's tax and spending statement to the Commons, the consultants EY-Parthenon said companies quoted on the London stock market had issued 65 warnings in the three months to the end of September. - Guardian
Friday newspaper round-up: Banks, Meta, John Lewis, Big Four accountancy firms
(Sharecast News) - John Healey is poised to tax Britain's banks in his 28 October budget, to help offset the damage inflicted on the public finances by war in the Middle East, the Guardian understands. The chancellor is in Bangkok, where the International Monetary Fund has praised the UK's progress towards balancing the books, urging him to "stay the course". To keep the Treasury's deficit reduction plans on track in the face of rising government borrowing costs, the Guardian understands Healey has decided to tap the financial sector for additional revenue. - Guardian

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