In the papers: Alton Towers, BT, Disney
Date
9/27/2016 7:22:36 AM
(MENAFN- ProactiveInvestors - UK) Proactive Investors, 08:30
The Times
Alton Towers Bosses 'to blame for ride crash': The Management of Alton Towers was to blame for the crash on the Smiler rollercoaster that left five passengers with life-changing injuries for presiding over a flawed system, a court was told.
Fault lies with BT, watchdog rules after Sky disputes callout charges: BT was dealt a fresh blow yesterday when the telecoms regulator said that it was guilty of overcharging Sky.
Midcounties belatedly delivers on pay: Britain's biggest independent co-operative has had to pay thousands of pounds to two workers it underpaid and is investigating the cases of other employees who may also have been short-changed.
Arrival of Disney animates speculation over Twitter sale: Walt Disney has entered the race to buy Twitter after hiring a financial adviser to assess a bid, it was reported.
Playing by WTO rules 'is no soft option' as hard Brexit fears grow: Falling back on World Trade Organisation rules will not be a simple way of leaving the European Union, WTO officials warned yesterday, as traders sold both shares and the pound amid fresh jitters over 'hard Brexit'.
Mortgage approvals dip further: The number of mortgages approved by high street banks fell to the lowest level since January 2015 last month, according to the British Bankers' Association.
HSBC looking for next chief but one: HSBC has taken the unusual step of hiring headhunters to scrutinise the young turks in its ranks, identify skills gaps and hire star outsiders who one day might become the Bank's Chief Executive.
Ineos welcomes first delivery of U.S. shale gas: The first delivery of American shale gas to Britain is set to arrive this morning, as 27,500 cubic metres of ethane arrives at the Grangemouth petrochemical plant near Edinburgh.
Cost-cutting leaves 120,000 oil and gas workers jobless: Costs in Britain's oil and gas industry have come down by 45% in the past two years, with about 120,000 people taken out of the workforce.
OPEC summit opens with warning of higher prices: The oil market is recovering slowly but 'remains weak', according to the Chief of Saudi Aramco, the world's biggest oil producer.
The Independent
Rodrigo Duterte's brutal drug war sends Philippine peso to seven-year low: The Philippine peso slumped to its lowest level in seven years as President Rodrigo Duterte's hard-line policies and erratic statements further alarmed global markets.
Donald Trump Presidency fears wipe £22 billion off FTSE 100: More than £22 billion was wiped off the FTSE 100 on Monday morning as the index was dragged down by supermarket stocks and renewed fears of a Trump presidency ahead of the first U.S. Presidential debate.
The Daily Telegraph
Blow to BMW workers as car maker plans to close final salary pensions to new contributions: German car giant BMW is on a collision course with its U.K. workers over plans to stop 5,000 employees from making fresh contributions to its two gold-plated final salary pension schemes, the Daily Telegraph has learnt.
EasyJet names one of its non-executive directors as its next Chief Operating Officer: Under-pressure airline easyJet has taken the unusual step of appointing one of its Non-Executive Directors as its next Chief Operating Officer, as the budget carrier battles against the turbulence caused by the Brexit vote and a string of terrorist atrocities in Europe.
HSBC calls for revamp of financial crime rules: The Chief Legal Officer of HSBC, which has been heavily fined for laundering money and breaching sanctions, has warned that measures to combat crime mean some 'innocent' customers risk being locked out of the financial system altogether.
CBOE buys Bats for $3.2 billion in latest round of stock exchange consolidation: The financial market operator Bats has agreed to be bought for $3.2 billion (£2.5 billion) by its Chicago-based competitor CBOE, meaning another London Stock Exchange has been swept up in global consolidation.
The Guardian
Women poorly represented in top 1% of U.K. earners, study finds: Fewer than one in five of the U.K.'s top 1% of earners are women, according to a study that highlights a stubborn gender divide among the super-rich.
John McDonnell announces £10 an hour living wage plan: John McDonnell has laid out Labour's economic plans, announcing a 'radically fairer' programme that includes an independently set national living wage likely to be above £10 an hour by 2020.
Sainsbury's one-hour delivery service takes on Amazon: Sainsbury's is to fight back against Amazon with a one-hour grocery delivery service in London.
Daily Mail
EU set for a five-month probe into LSE merger as German regulator said it was 'hard to imagine' the organisation remaining in London: The German takeover of the London Stock Exchange is facing a prolonged probe from Brussels competition authorities.
Daily Express
ECB's Mario Draghi savaged by MEPs over negative interest rates and 'debt economy': Chief of the European Central Bank (ECB) Mario Draghi received a savage dressing down from MEPs over monetary policies today, as tensions over the bloc's flagging economy grow between policymakers.
Mario Draghi and ECB go to war with Germany over how to save crumbling Eurozone: The European Central Bank (ECB) Chief has again clashed with Germany over how to save the ailing Eurozone economy.
China is biggest threat to world economy and will crash soon, Harvard professor warns: China's debt bubble and slowing economy is a huge risk to the rest of the world's financial systems, according to a terrifying warning from a Professor of economics at Harvard University.
Germany's biggest bank on brink: Deutsche Bank hits record low as Merkel rules out bailout: Deutsche Bank shares have reached their lowest level in more than two decades, as fears flare over the troubled firm's future.
The Scottish Herald
Global law firm Ashurst set to meet target of 500 Glasgow jobs: International law firm Ashurst is on track to achieve its goal of creating 300 jobs within five years of opening its Glasgow legal and business support services centre.
Galloway artists aim to commercialise 'Help Me Obi' technology: Two Galloway artists, who have managed to turn an idea from George Lucas's Star Wars film into reality, now plan to use a £100,000 grant to develop their technology into a commercial product.
Hotel on Isle of Skye put up for sale as owner retires: One of the Isle of Skye's oldest hotels, which dates back to the 1800s, has been put up for sale after long-time owner Richard Jeffrey decided to retire.
Entrepreneurs launch Glasgow pub group as they unveil latest acquisition: Glasgow-based entrepreneur Oli Norman and business partner Stephen White have launched a pub company to bring together their collection of landmark bars under a single umbrella.
SpaceandPeople shares plunge after it reports 'subdued' trading: Shares in SpaceandPeople have plunged by 34% after the shopping mall marketing specialist said trading had been more subdued than expected in the weeks since the Brexit vote.
Housebuilder commits £75 million to huge Glasgow development: Persimmon Homes West Scotland is to invest £75 million in building 500 new homes next to Glasgow's Silverburn Shopping Centre.
The Scotsman
Harper Macleod expands northern footprint: Law firm Harper Macleod has increased its footprint in the Highlands by taking on Inverness practice Allen & Shaw.
Aldi rolls out investment plans amid record sales: The U.K. arm of Aldi has said it will invest £300 million in store revamps after posting another year of record sales, although profits were again hit by the supermarket price war.
St Andrews green deal for Scot Heat & Power: Broxburn-based Scot Heat & Power has secured a competitive tender to supply biomass fuel to the University of St Andrews as part of an ambitious £25 million green energy project.
City A.M.
Jobs on offer down in August but demand for consultants grows thanks to Brexit: The number of job vacancies advertised across the U.K. slid last month, even though demand for consultants has spiked following the Brexit vote, figures show.
Carnival cruises to highest ever quarterly earnings: Carnival has cruised its way to its highest ever quarterly earnings and has said it is 'well on track' to deliver nearly 25% earnings growth this year.
Rio Tinto unveils $3 billion debt reduction plan: Miner Rio Tinto has launched a new debt reduction programme, which analysts said could boost its credit rating.
New flavours and quirky marketing help popcorn burst in popularity as sales rise 14% to £120 million: Innovations in flavours and marketing, as well as snackers acquiring a taste for healthier treats, have pushed popcorn sales up 14% in the last year.
Zoopla wants to bring property investment to the masses with a new 'Invest' channel: Housing portal Zoopla is making the move into property investment by allowing customers to invest as little as £100 into the market.
Bluebird and Le Pont de la Tour Owner D & D London restaurant group dishes up best ever profits: Premium restaurant operator D & D London served up tasty growth last year, despite a troubling second half, and has committed to investing in the U.K. after the vote for Brexit.
Three joins call for Openreach to be split from BT: Mobile challenger network Three has added its voice to calls for BT to be stripped of its infrastructure arm, Openreach.
Proactive Investors