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Monday newspaper round-up: Thames Water, British workers, petrol prices

(Sharecast News) - The parent company of Thames Water has been warned by its auditors that it could run out of money by April if shareholders do not inject more cash into the debt-laden firm. In accounts signed off in July and published on the Companies House website last week, PricewaterhouseCoopers said there was "material uncertainty" about whether the main company behind the water supplier can continue as a going concern. - Guardian British workers are missing out on £10,700 a year after more than a decade of weak economic growth and high inequality, according to a major report warning that UK living standards are falling behind comparable rich nations. In a damning report on the economy, the Resolution Foundation and the London School of Economics' Centre for Economic Performance called for an urgent rethink of economic strategy after 15 years of relative decline. - Guardian

Drivers are being overcharged to fill up their car with petrol by £5 as forecourt operators fail to pass on fuel duty savings and cheaper wholesale costs, the RAC has said. Wholesale petrol and diesel prices have fallen this year, but petrol station operators have generated chunkier profit margins by reducing retail prices at a slower pace, it said. - Telegraph

About 300,000 backers of Neil Woodford's collapsed investment fund have until 5pm today to register to vote on a compensation scheme that is dividing the City and infuriating many small investors. Critics of the offer of up to £230 million say it is much too small, has been misleadingly explained and has been designed to spare the blushes of the City establishment and prevent the wider financial services industry from having to pick up the tab. - The Times

The grip of Britain's biggest airlines on lucrative UK take-off and landing slots could be loosened under government proposals intended to give travellers "smoother getaways and cheaper prices". The Department for Transport is launching a consultation today on proposals to reform the way in which airlines book slots at airports. - The Times

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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
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph

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