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Friday newspaper round-up: PwC, UK pension funds, wind farms

(Sharecast News) - The consultancy PwC has told its employees it is going to begin tracking their working locations to ensure that all workers spend "a minimum of three days a week" in the office or at client sites. In a memo sent to its 26,000 UK employees, the big four accounting firm announced that it will start monitoring how often employees work from home in the same way it monitors how many chargeable hours they work. - Guardian The UK needs £1tn of fresh investment over the next decade if the government is to hit its economic growth targets, a City taskforce has said. The Capital Markets of Tomorrow report, led by the City veteran and former boss of Legal & General Sir Nigel Wilson, said that in order to achieve at least 3% annual growth, the UK would have to attract around £100bn of investment per year, divided between key sectors. - Guardian

One of the UK's biggest housing developers is seeking to build tens of thousands of homes on green belt land as part of Sir Keir Starmer's efforts to revolutionise planning reforms. Vistry Group said the majority of the 75,000 plots in its so-called strategic land bank are on green belt sites, making it "uniquely positioned" to help deliver on Labour's manifesto pledge to build 1.5m homes over the next five years. - Telegraph

British pension funds are among the worst in developed economies for backing their home stock market, according to research that will fuel the debate about reform of UK retirement pots to boost the London Stock Exchange. Only 4.4 per cent of assets in UK pension funds are invested in British equities, down from an estimated 6.1 per cent last year, analysis by New Financial, a think tank, has found. The proportion stood at more than 50 per cent 25 years ago. - The Times

New wind farms due to be built towards the end of this decade will add only £5 to household energy bills and will reduce volatility in prices, a leading forecaster has predicted. A record number of renewable energy projects were secured in the latest annual auction round this week, when 131 won government contracts to deliver clean energy. - The Times

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian

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