Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Tuesday newspaper round-up: Rail strikes, housebuilding, Vodafone

Current Affairs Dec 06, 2022 07:41
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Tuesday newspaper round-up: Rail strikes, housebuilding, Vodafone
 
UK100
+0.36%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VOD
+0.92%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Sharecast - Rishi Sunak is to drop compulsory housebuilding targets to see off an embarrassing backbench rebellion, prompting criticism he is putting party unity over the national interest. The capitulation, which comes in the middle of a national housing crisis, will spark fresh concerns that the prime minister is too weak to take on unruly Conservative backbenchers. It followed up to 100 Tory MPs threatening to back an amendment that would in effect force the government to abolish the target of building 300,000 homes a year in England. – Guardian

Vodafone (LON:VOD) is under pressure from a billionaire French shareholder to accelerate cost-cutting and asset sales after the ousting of its chief executive. The FTSE 100 telecoms giant announced Nick Read’s exit following a nearly 50pc slump in its share price since he took charge four years ago. – Telegraph

The value of London office blocks is forecast to fall sharply over the next few years, with rents predicted to almost halve as rising unemployment and working from home depress demand, according to Citi, the investment bank. Aaron Guy, a real estate analyst at Citi, expects the values of office blocks in the capital to fall by 38 per cent in the next two to three years “driven primarily by likely recessionary impacts on higher unemployment and continued work-from-home office shrinkage”. – The Times

A bank criticised by a former minister for its allegedly poor due diligence work on a pandemic finance scheme has admitted to MPs that more than one in three of the state-backed loans it issued was “not performing”. Anne Boden, chief executive of Starling, the digital bank, told the public accounts committee that 34.3 per cent of the bounceback loans it provided were in “distressed” status — significantly higher than the average rate. – The Times

Read more on Sharecast.com

Tuesday newspaper round-up: Rail strikes, housebuilding, Vodafone
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Onusree Rani
Onusree Rani Dec 06, 2022 8:16
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Likhon
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email