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Tuesday newspaper round-up: Energy price cap, Palantir, Newport Wafer Fab

Tue 21 Jun 2022 08:14

(Sharecast News) - The energy price cap could reach nearly £3,000 in the Britain at the beginning of October, with the planned increase possibly being more than £1,000 according to a new forecast. It is expected to rise to £2,980.63 for the next period, which runs between October and December, after another spike in wholesale demand prices last week. - Guardian For a company tipped to provide the NHS's new overarching data platform, it is appropriate that Palantir Technologies is named after an all-seeing orb. Palantir, which draws its name from the powerful crystal balls deployed in JRR Tolkien's The Lord of the Rings, is the favourite to win a £360m contract for the NHS's Federated Data Platform (FDP). Covering everything from individual patients' data to vaccination programmes, waiting lists and medical trials, the FDP will aggregate data from multiple sources and different formats on to a single platform. - Guardian

The Bank of England must prop up the pound with a rapid increase in interest rates or risk a further surge in inflation, a senior policymaker has warned. Catherine Mann, a member of the Bank's rate-setting Monetary Policy Committee (MPC), said that Britain is falling behind the US after the Federal Reserve embarked on a vigorous round of rate increases. - Telegraph

The Government could be forced to pay a compensation bill as big as the entire defence budget if a legal challenge launched today over the rejigging of the retail prices index succeeds. Analysts estimate that the Treasury could in theory be forced to pay compensation of as much as £40 billion to holders of index-linked government bonds tied to the RPI if the Government loses. - The Times

The owner of Britain's largest microchip manufacturer has rejected suggestions that it is controlled by China. The takeover of Newport Wafer Fab by Nexperia, a subsidiary of the Chinese smartphone maker Wingtech Technology, is the subject of a national security investigation which could potentially lead to the £63 million takeover being unwound. - The Times

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(Sharecast News) - AI companies have told ministers they have 12 months to head off public opposition to datacentres in the UK or risk US-style protests that could threaten their construction. Successive dry summers and rising energy bills are increasing public scrutiny of plans for the huge computer warehouses that are used to train and run AI models, says a submission to the Labour government from a group including the AI infrastructure companies Nvidia, Microsoft and Cisco. - Guardian
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(Sharecast News) - The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs. While Labour's 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences. - Guardian
Wed 21 Oct 2026 07:24
Wednesday newspaper round-up: SpaceX, NatWest, Anthropic
(Sharecast News) - The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs. While Labour's 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences. - Guardian
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Tuesday newspaper round-up: Thames Water, North Sea workers, tobacco companies, John Lewis
(Sharecast News) - Andy Burnham has told officials to rip up their plans for how to fix Thames Water and present him with more radical options for what to do with the stricken company. In an early test of his promise to bring "the essentials of life" under public control, the prime minister is urging his advisers to go back to the drawing board and create a new list of policies for the utility. One option being looked at is to convert about £100m of outstanding fines into a government stake in the company, saving its creditors money but giving ministers some say in how it is run. - Guardian

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