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Friday newspaper round-up: UK chemical plants, home workers, BAE Systems

(Sharecast News) - A Cheshire chemicals factory is to start capturing carbon dioxide on an industrial scale from energy generation in what is described as the UK's first major use of the emissions-reduction technology. Tata Chemicals Europe (TCE) hopes to capture 40,000 tonnes of the greenhouse gas per year, reducing its annual emissions by 10% and providing it with a supply of high-purity carbon dioxide that could be used in products ranging from glass and washing detergents to pharmaceuticals and food. - Guardian An Italian company's hacking tools were used to spy on Apple and Android smartphones in Italy and Kazakhstan, Alphabet Inc's Google said in a new report. Milan-based RCS Lab, whose website claims European law enforcement agencies as clients, developed tools to spy on private messages and contacts of the targeted devices, the report said. - Guardian

Employers across the country are preparing to slash pay for home workers as part of radical plans that could ignite a widespread backlash among staff. One in ten companies plan on reducing pay or benefits for home workers after failing to encourage people back to their desks by using a host of incentives, according to a survey of over 1,000 employers by the Chartered Institute of Personnel and Development (CIPD). - Telegraph

Oil and gas bosses rounded on Rishi Sunak over his new windfall tax at a private 40-minute meeting in Aberdeen as they step up efforts to shape the policy before legislation is passed. Executives warned that the higher tax on profits will make the UK a less attractive prospect and was forcing them to rethink investment plans just as the Government tries to boost domestic energy supplies, sources said. - Telegraph

Spain is ordering 20 Eurofighter Typhoon jets, with the UK's biggest defence contractor taking a £500 million slice of the £1.5 billion-plus contract. About 5,000 BAE Systems employees work directly on the Typhoon programme, with thousands more in the UK supply chain. - The Times

One of the government's top climate advisers has raised doubts over EDF's competence to build nuclear plants and called the decision to locate a proposed plant at Sizewell C in Suffolk ridiculous. Lord Deben, who chairs the climate change committee and lives in Suffolk, was accused by EDF of being a nimby after making the comments at a nuclear conference yesterday. - The Times

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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
Thursday newspaper round-up: Hospitality jobs, household bills, Netflix
(Sharecast News) - Bars, clubs and restaurants will offer up to 100,000 jobs to young people not in employment, education or training (Neet) over the next three years in an effort to give them a first step on the ladder into work. The move comes before the publication of a report on Neets by the former health secretary Alan Milburn, who has warned that the number of young people not in work or education in the UK could rise to 1.25 million over the next five years unless ministers intervene. - Guardian
Wednesday newspaper round-up: Tariffs, BitMEX, Character.AI
(Sharecast News) - The business secretary has hit back at European demands for British tariffs on Chinese imports, saying the government will not change its trade rules because of pressure from Brussels. Jonathan Reynolds warned that the government would not bow to calls from other countries for the UK to hit Chinese vehicles with import taxes, despite political pressure to align with the EU in exchange for deeper future economic ties. - Guardian

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