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Friday newspaper round-up: BAE Systems, National Grid, Wilko

The British defence company BAE Systems is setting up a local entity in Ukraine and has signed deals with its government to help ramp up its supply of weapons and equipment. BAE said it would work directly with Kyiv to explore potential partners for a plan to ultimately produce 105mm light artillery guns in Ukraine and to better understand Ukraine’s requirements. – Guardian
United Kingdom France General Doug Putman Bruno Le Maire Toysr Us Goldman Sachs

Thursday newspaper round-up: Airlines, Country Garden, car production

Airlines have urged reform of compensation rules after the “staggering” revelation that a single wrongly input flight plan to UK air traffic control disrupted hundreds of thousands of passengers’ flights. Nats, which controls UK airspace, said “an unusual piece of data” had caused the unprecedented system failure on Monday, which led to more than 1,600 flights being axed and many more delayed. – Guardian
United Kingdom Milton Keynes Embattled Chinese Country Garden Bristol Street Motors Bletchley Park

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Wednesday newspaper round-up: House sales, dividend income, Body Shop

The number of UK homes sold this year is expected to fall to the lowest level in more than a decade, as the soaring cost of mortgages puts off homebuyers. House sales reaching completion are expected to fall 21% year-on-year to about 1m in 2023, the lowest level since 2012, according to a report from the property website Zoopla. – Guardian
City Of United Kingdom Janus Henderson Sadiq Khan Mark Harper National Air Traffic Service Nats

Monday newspaper round-up: Wilko, London house prices, supermarkets

A union representing thousands of workers at Wilko is seeking an urgent meeting with the business secretary after being told by potential rescuers of “difficulties” in engaging with the administrators who will decide upon the stricken retail chain’s future. On Monday, the GMB national secretary, Andy Prendergast, wrote to Kemi Badenoch asking her to ensure that PricewaterhouseCoopers considered all bids for the budget retailer where 12,500 jobs were hanging in the b...
United States New York City Of United Kingdom Matthew Pratt Levelling Up Secretary

Sunday newspaper round-up: Wilko, Telegraph Media, Pizza Hut...

Wilko’s administrators are facing pressure to accept a rescue deal for the ailing budget retailer after a second last-minute white knight bid worth £90m emerged from an Anglo-Canadian private equity firm. [...] Shops are expected to close within weeks, with thousands of job losses unless a buyout can be secured. M2 Capital, a restructuring specialist which owns a string of upmarket hotels around the world under the Como brand and is in the process of buying Michigan-based car par...
New Delhi United Kingdom Republic Of Ireland Knight Frank Akshata Murty Richard Walker

Friday newspaper round-up: Elliott Management, John Lewis, Specsavers

The US hedge fund and notorious activist investor Elliott Management paid its 124 UK staff a combined £160m last year, after a 10% rise in annual profits. The pay pot is higher than the £137m shared by employees the previous year, and comes after its UK operation, Elliott Advisors UK, reported pre-tax profits up by a tenth to £10m. Turnover for the firm, which made headlines after throwing its hat into the ring to buy Manchester United earlier this year, rose 16% to £225m...
Vladimir Putin John Lewis Dame Mary Perkins Eurasian Natural Resources Corporation Rio Tinto Serious Fraud Office

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