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Sunday newspaper round-up: EasyJet, Direct Line, Cairo

Sun 03 Mar 2024 15:16

(Sharecast News) - EasyJet founder Sir Stelios Haji.Ioannou has called time on his long-running feud with the "scoundrels" running the carrier. Haji-Ioannou has admitted that his war with easyJet boss Johan Lundgren was motivated by his fear that it would not get through Covid-19. His latest remarks come as the company is preparing to re-enter the ranks of the FTSE 100. They also come after attempts by easyJet to fill the gap in the market left by the collapse of Monarch and Thomas Cook, with Lundgren and chairman Stephen Hester having tried to shift focus towards selling holidays instead of just flights. - The Sunday Times Sir Peter Wood believes that Direct Line, the insurer he founded in 1985 has been "terribly" managed for years, leaving it a potential target for bidders. Indeed, given a decent price, that is exactly what he thinks should happen, Wood told the Mail on Sunday. Belgium's Ageas tabled a £3.1bn bid during the previous week, but that was not enough, Wood added. Wood further described the share and cash deal offered by Ageas as "messy". He was also "sure" that other offers would materialise. - Financial Mail on Sunday

A delegation of Hamas officials arrived in the Egyptian capital for talks to try and reach a ceasefire deal. It followed indications that Tel Aviv was ready to accept a phased six-week agreement for the release of hostages and a truce before the start of Muslims' holy month of Ramadan. Negotiators from Qatar and the U.S. had also arrived in Cairo to take part in the talks. A response from Hamas was anticipated on Sunday or Monday. - Guardian

Ministers are under pressure to present their plans should Thames Water collapse, an outcome that could cost taxpayers billons of pounds. The rescue plans drawn up by the Department for Environment, Food and Rural Affairs are known as "Project Timber" and according to Thames Water executives have a value of £5bn. The supplier is facing a £190m loan in April that its bosses have already said that it will not be able to meet. - The Sunday Telegraph

St.James's Place has put aside £426m to cover compensations to clients who allege that it fraudulently charged for annual reviews of client portfolios that were never conducted. The provision also follows the 15,000 complaints lodged with law firm AMK Legal on their behalf over the past three months. - The Sunday Times

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Thu 02 Jul 2026 07:10
Thursday newspaper round-up: EU car industry, Getty Images-Shutterstock, United Utilities
(Sharecast News) - The EU's car industry has called for the UK to be fully included in new "made in Europe" rules that threaten to shut out British manufacturers from their biggest export market. The European Automobile Manufacturers Association (Acea) on Wednesday urged Brussels to give the UK, Turkey and Morocco "justified, targeted exemptions" to the rules, which will require cars and parts to be made within the EU to qualify for subsidies or public procurement. - Guardian
Wed 01 Jul 2026 07:17
Wednesday newspaper round-up: Fuel poverty, Asda, BoE
(Sharecast News) - Millions of households in Great Britain will be pushed into fuel poverty after months of volatility on the global gas markets as energy bills rise by more than £220 a year under the government's price cap from Wednesday. As the cap on gas and electricity rates rises to the equivalent of £1,862 a year, the number of households forced to spend more than 10% of their income on energy bills will increase to 13.5m from almost 11.3m in April, according to fuel poverty campaigners. - Guardian
Tue 30 Jun 2026 07:18
Tuesday newspaper round-up: Brompton, TG Jones, housebuilders
(Sharecast News) - The French sports gear retailer Decathlon and a Chinese investment group that was an early backer of Labubu soft toys have bought stakes in the British folding bike maker Brompton, as its boss said the cycling market was recovering from a slump in sales. Decathlon has acquired a 10% stake in the manufacturer while BA Capital has bought 5% in a deal understood to collectively be worth about £18m. - Guardian
Mon 29 Jun 2026 07:00
Monday newspaper round-up: Chipmakers, HS2, Revolut
(Sharecast News) - Shares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis. Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software companies, which have fallen out of favour this year. - Guardian

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