Friday newspaper round-up: Boeing, Boohoo, nuclear power stations

(Sharecast News) - Ten years ago, marketing executives at Britain's biggest supermarket had a brainwave: might slashing the price of basic vegetables tempt shoppers to do their Christmas shop with them? Tesco, under chief executive Dave Lewis, was trying to revive a business reeling after falling sales, five profit warnings and an accounting scandal. That promotion in December 2014, dubbed its Festive Five, offered bags of carrots, potatoes, brussels sprouts, parsnips and a cauliflower for 49p each. - Guardian A US federal judge on Thursday rejected plane giant Boeing's agreement to plead guilty to fraud after two fatal crashes of its 737 Max passenger jets, faulting a diversity and inclusion provision in the deal regarding the selection of an independent monitor to audit the company's compliance practices. Boeing and the US justice department now have 30 days to update the court on how they plan to proceed in the case, Judge Reed C O'Connor of the northern district of Texas ordered. - Guardian

The former boss of Boohoo resigned after alleged stalking and "corporate espionage" targeted at several of the retailer's executives. John Lyttle, who stepped down on October 18 after five years as chief executive, is understood to have cited stalking and surveillance concerns as reasons for his exit. Lyttle, Dan Finley, Boohoo's chief executive, and co-founder Mahmud Kamani, claim to have over the past few months been routinely followed by men on public transport and in other public spaces, at locations in London, Kent and Manchester. - The Times

Building new nuclear power stations will be "essential" to decarbonising Britain's energy system, Ed Miliband has said, insisting that investing taxpayer money could deliver "big returns" for the country. In his first speech on nuclear power since being reappointed energy secretary, Miliband said that despite "this being a time of immense challenge" for the public finances, the government was "determined to drive forward nuclear through both public and private investment". - The Times

An additional 100,000 workers have been dragged into a '60pc tax trap' in the past year, figures from HM Revenue & Customs have revealed. The number of taxpayers earning between £100,000 and £125,000 in 2023-2024 stood at 634,000, up 18pc from the previous year, when 537,000 were caught. The tax trap applies when the personal allowance, which is £12,570 for the 2024/25 tax year, begins to fall because the worker earns £100,000. - Telegraph