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Friday newspaper round-up: GFG Alliance, Apple, FinnCap, M&S

Fri 19 Nov 2021 07:26

(Sharecast News) - Sanjeev Gupta's GFG Alliance has sold two aluminium parts factories after Jaguar Land Rover (JLR) stepped in to secure a vital part of its supply chain. Evtec, an automotive supplier based in Coventry, will take over Liberty Aluminium Technologies casting plants in Coventry and Kidderminster in the West Midlands, saving 170 jobs. However, GFG is closing a site in Witham, Essex, with the loss of 64 jobs. - Guardian Apple is stepping up its plans to enter the car market and aims to launch a self-driving electric vehicle in 2025, according to a report. The tech company's much-rumoured automotive project has bolstered its ambitions under new leadership and is pushing for a fully self-driving vehicle with no steering wheel or pedals, said Bloomberg. The car's interior would be designed for hands-off driving, with one possible design featuring passengers sitting around a U-shaped seating formation. - Guardian

Zia Chishti, the founder of Princess Beatrice's technology company Afiniti, resigned on Thursday night two days after a former employee accused him of violent sexual assault. Following a crunch board meeting, directors said Mr Chishti had "stepped down from his role as chairman, chief executive officer, and director of Afiniti, effective immediately". - Telegraph

A City broker will offer unlimited paid time off in an effort to help its staff to avoid burnout. FinnCap has set out the plan for its 155 employees to try to make a significant improvement to working conditions and in recognition of heightened demands from clients because of volatile capital markets, Bloomberg reported. - The Times

The chairman of Marks & Spencer warned that trade in Northern Ireland could become an "operational nightmare" and that the burden of red tape would be increased by concessions from Brussels. Archie Norman has written to Lord Frost, the Cabinet Office minister, saying that European Commission plans could result in "worsening friction and cost and a high level of ambiguity and scope for dispute". - The Times

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Thu 22 Oct 2026 07:18
Thursday newspaper round-up: AI companies, Waitrose, gas standing charges
(Sharecast News) - AI companies have told ministers they have 12 months to head off public opposition to datacentres in the UK or risk US-style protests that could threaten their construction. Successive dry summers and rising energy bills are increasing public scrutiny of plans for the huge computer warehouses that are used to train and run AI models, says a submission to the Labour government from a group including the AI infrastructure companies Nvidia, Microsoft and Cisco. - Guardian
Wed 21 Oct 2026 07:24
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
Wed 21 Oct 2026 07:24
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
Tue 20 Oct 2026 07:13
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

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