Friday newspaper round-up: JLR, BNPL, Telegraph sale, water industry

(Sharecast News) - Britain's largest carmaker, Jaguar Land Rover, has delayed the planned launches of its new electric Range Rover and electric Jaguar models to give it time for more testing and for demand to pick up, the Guardian can reveal. JLR has written to customers waiting for the Range Rover Electric to inform them that deliveries of the new version of the model will not start until next year, after initially aiming for late 2025. - Guardian Lenders may have to carry out affordability checks on even the smallest buy now, pay later loans under new rules drawn up by the City watchdog. The Financial Conduct Authority (FCA)on Friday published details of its plan to regulate the £13bn buy now, pay later (BNPL) market. The proposals include requiring firms to offer support to customers in financial difficulty. Borrowers will also be able to complain to the financial ombudsman service if something goes wrong. - Guardian

Ministers are preparing to face down opposition to the sale of The Telegraph in a row over foreign state influence. The Government on Thursday confirmed that it will press ahead with a Lords vote next week that will decide whether foreign powers should be allowed to own up to 15pc of British newspapers. - Telegraph

Britain's crumbling water industry is hitting housebuilding and slowing the country's economic growth, MPs have warned. On Friday, MPs on the public accounts committee (Pac) said the sector's failure to build new reservoirs had delayed the construction of thousands of new homes and offices that were urgently needed to boost the UK economy. - Telegraph

Netflix beat Wall Street's expectations in its quarterly results on Thursday night and ­posted a bullish revenue outlook as it hopes to release a string of hits in the second half of the year. The streaming group reported second-quarter revenue of $11.08 billion, up 16 per cent year-on-year and ahead of analyst estimates of $11.06 billion. Net income rose 8.1 per cent to $3.1 billion, ahead of expectations of $3 billion. - The Times