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Tuesday newspaper round-up: Gambling, DWF, credit card spending

(Sharecast News) - The main lobby group for the UK gambling industry has been accused of making inaccurate statements relating to the regulation of the £10bn-a-year sector the day before its boss appears before a parliamentary committee. Michael Dugher, the chief executive of the Betting & Gaming Council (BGC), is to be question by MPs on the select committee for culture, media and sport on Tuesday as part of a review of government proposals to improve gambling regulation. - Guardian Labour would use artificial intelligence to help those looking for work prepare their CVs, find jobs and receive payments faster, according to the party's shadow work and pensions secretary. Jonathan Ashworth told the Guardian he thought the Department for Work and Pensions was wasting millions of pounds by not using cutting-edge technology, even as the party also says AI could also cause massive disruption to the jobs market. - Guardian

The boss of National Grid has complained that it takes a decade to build a new power line in an attack on planning red tape. John Pettigrew, the company's chief executive, said that Britain's planning rules add seven years of delays to the construction time for cables. His warning comes amid ongoing rows over delays in connecting new wind and solar farms to the UK's electricity grid, which are threatening the Government's target of making the network carbon neutral by 2035. - Telegraph

At least 40 lawyers are set for a payday of over a million pounds each as British law firm DWF prepares to go private. London-listed DWF on Monday said it is in negotiations to sell itself to Inflexion Private Equity in a deal worth about £342m. The takeover would result in a lucrative payday for many current and former DWF partners who own shares in the law firm. - Telegraph

Consumer card spending rose by 5.4 per cent last month as grocery shopping on cards jumped by 9.5 per cent, the highest growth in the category for two years, though still below the rate of food prices inflation. According to data from Barclays, 67 per cent of supermarket shoppers said they were looking for ways to cut the cost of their weekly shop, with 32 per cent shopping at multiple supermarkets in pursuit of deals. - 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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