Category Archives: Business

Billionaire Guy Hands’ property firm takes housing reforms to European court

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Annington Property fears recent legislation will force it to offload some of the 38,000 freeholds it owns on UK military homes

A property company founded by the billionaire Guy Hands has taken a legal fight with the UK government to the European court of human rights over fears it could lose significant sums as a result of planned housing reforms.

Annington Property, which owns the freehold of about 38,000 military homes, has filed the claim against the housing minister, Angela Rayner, over concerns that the new Leasehold and Freehold Reform Act could force it to off-load the homes well below market value. Last month it launched a challenge in the high court on the same grounds.

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The great divide: are office workers more productive than those at home?

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Amazon has told staff they must return five days a week – but experts don’t all agree that flexible working cuts output

Four years ago when the world of work was upended by the Covid pandemic, confident predictions were made that a permanent shift in remote working would follow the removal of lockdown restrictions.

Much has clearly changed since. Some of the earliest preachers of the brave new teleworking world – including the US tech companies Google and Microsoft – are among the most vocal to repent.

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NSW government announces free weekend train travel in bid to avoid industrial action – as it happened

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Australia “abstained with great disappointment” on the Palestinian-drafted resolution at the United Nations general assembly in New York early this morning, the Australian ambassador to the UN has said.

The resolution – which sought to act on a recent advisory opinion of the international court of justice – was passed with 124 votes in favour and 14 against. Australia was one of 43 countries to abstain, including the UK, Canada and Germany.

That is why we abstained with great disappointment.

We wanted to vote for a resolution that directly reflected the ICJ Advisory Opinion.

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Top UK food firms urged to do more to cut ‘staggering’ emissions

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Food campaign Bite Back says 10 firms account for more carbon emissions globally than aviation industry

Britain’s biggest food and drink firms are doing too little to tackle the climate emergency and are producing “staggering” amounts of greenhouse gases, campaigners claim.

The 10 companies that manufacture more of the UK’s food than anyone else produce more carbon emissions between them than even the aviation industry, a report says.

Three of the firms increased their annual emissions in 2022 – Ferrero, Kraft Heinz and PepsiCo.

Seven are on course to miss meeting emissions targets they have set themselves to achieve by 2050.

Only four have a verifiable commitment to reach net zero emissions by 2050 – Danone, Mars, Mondelēz and Nestlé.

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IMF postpones Russia visit after heavy criticism across Europe

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Trip to Moscow to review economy delayed indefinitely after protests it would ‘normalise relations with aggressor’

The International Monetary Fund (IMF) has indefinitely postponed a staff mission to Moscow this week to review the Russian economy for the first time since the invasion of Ukraine, after the move came under heavy criticism from several of Kyiv’s European allies.

After revelations in the Guardian of widespread condemnation, the IMF said it would spend more time gathering information for a “rigorous analysis”.

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UK inflation stays at 2.2% as lower petrol prices offset by higher air fares

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Annual rate in August unchanged, and hovering above Bank of England’s 2% target

The UK’s annual inflation rate rose by 2.2% in August, matching the increase in July, as lower petrol prices at the pump were offset by higher air fares.

Figures from the Office for National Statistics (ONS) show the government’s preferred measure of the cost of living remained steady, matching forecasts by City economists and hovering just above the Bank of England’s 2% target.

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Australia news live: Labor’s preliminary refusal of Pep11 gas project ‘an amazing step forward’, Scamps says; total fire ban announced for parts of NSW

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Follow today’s news live

On the double-dissolution threat floated by Anthony Albanese yesterday, Sarah Hanson-Young says:

Again, why, why be so bullish about this? The Australian people don’t need a panicked prime minister who wants to press the exit button because he can’t get his own way.

They want a government that’s willing to work across the parliament. Now, a third of Australians voted for parties other than Labor or Liberal at the last election. And they did that because they want a parliament that works for them.

We want to fix it. We want to give the government the opportunity to fix it. I’m not just interested in saying no to things. I want to get outcomes. I guess that’s my concern.

This prime minister seems to have such a chip on his shoulder, doesn’t want to work with anyone. Just wants to do it all his way. I don’t think this is a very good sign for the future. Come on, come on, prime minister, you know, let’s put – put aside the politics and get on with getting some outcomes.

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Guardian parent company in talks over potential sale of Observer

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Guardian Media Group announces it is in negotiations with Tortoise Media over world’s oldest Sunday newspaper

The Guardian’s parent company has announced that it is in formal negotiations with Tortoise Media over the potential sale of the Observer, the world’s oldest Sunday newspaper.

Guardian Media Group (GMG) told staff it was in negotiations with the Observer after being approached with an offer that was significant enough to look at in more detail.

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Users of ‘throuples’ dating app Feeld may have had intimate photos accessed

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Alternative relationships site says it has resolved concerns about data security that tech firm claims to have uncovered

Users of Feeld, a dating app aimed at alternative relationships, could have had sensitive data including messages, private photos and details of their sexuality accessed or even edited, it has emerged, after cybersecurity experts exposed a string of security “vulnerabilities”.

Feeld, registered in the UK, reported soaring revenues and profits this month, thanks to millions of downloads from non-monogamous, queer and kinky users across the world.

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B&Q owner Kingfisher reports weak demand for kitchens and bathrooms

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Shares in FTSE 100-listed company rise after it reports improved full-year profit forecast

The chief executive of Kingfisher, which owns the B&Q and Screwfix chains, has said demand for kitchens and bathrooms in the UK has plateaued but overall sales are showing signs of recovery, as the retail group reported sliding half-year revenues.

Thierry Garnier said demand for big-ticket categories had remained weak, in line with the wider market, while sales of seasonal products – from garden furniture to barbecues – had improved since early July.

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Labor push for vote on help-to-buy bill delayed in Senate – as it happened

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White House marks three years since signing of Aukus agreement

Happy three-year anniversary of the signing of Aukus, to those who observe.

Three years ago, President Biden and our Australian and United Kingdom partners committed to Aukus, an enhanced security partnership that promotes a free and open Indo-Pacific that is secure and stable.

As this partnership has grown, it has strengthened the security of our allies in the region as well as our own security here at home. Over the past three years, our countries have made significant strides in supporting Australia’s acquisition of a conventionally armed, nuclear-powered submarine capability.

That is bad news for Australian solar homes.

To create space for inflexible nuclear power plants ramming energy into the grid, millions of household solar systems will be the first casualty.

Solar power is already being switched off in South Australia when it makes so much free power available that it exceeds electricity demand.

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Traffic to be banned from London’s Oxford Street under Sadiq Khan plan

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Mayor to be given power to overrule Westminster council, which blocked previous plan amid concerns over rerouting buses

Traffic will be banned from London’s Oxford Street under plans announced by the mayor, Sadiq Khan, using new powers from Labour to push through long-thwarted pedestrianisation of the capital’s famous shopping strip.

Khan said urgent action was needed so that the mile-long street could “once again become the leading retail destination in the world.”

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Sky Betting & Gaming reprimanded for unlawfully sharing users’ personal data

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ICO says online gambling company passed customers’ information to advertising technology companies

The online gambling company Sky Betting & Gaming has been reprimanded by the data regulator for unlawfully sharing customers’ information with advertising companies that could then target those users with personalised marketing.

The Information Commissioner’s Office (ICO) said it had investigated Bonne Terre Ltd, trading as Sky Betting & Gaming, after a complaint by the campaign group Clean Up Gambling.

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Ex-NatWest CEO who left after Nigel Farage row to advise law firm

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Alison Rose appointed as diversity and inclusion adviser at leading firm Mishcon de Reya

Alison Rose, the former chief executive of NatWest, has taken a job as an adviser to one of the UK’s top law firms as she tries to return to the City after a career-damaging row with Nigel Farage last year.

Rose is joining Mishcon de Reya as a diversity and inclusion adviser, a role that will involve mentoring some of the firm’s partners. She will also work closely with the equity, diversity and inclusion committee at the firm, which is known for having represented Diana, Princess of Wales during her divorce.

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Rupert Murdoch attends court hearing in battle over future of media empire

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Murdoch, 93, in Nevada for case that could determine which family members will control businesses after his death

A probate court in Nevada is set to begin reviewing evidence behind closed doors in a case that could determine who will control Rupert Murdoch’s media empire after his death.

Murdoch, 93, arrived at court on Monday for the hearing. Last year, he moved to change the terms of his irrevocable family trust in an effort to ensure that his eldest son, Lachlan, remains in charge of his cadre of newspapers and television networks, including the Wall Street Journal and Fox News Channel, according to reporting by the New York Times based on a sealed court document.

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Revealed: criminals and unlicensed agents operating across Australia’s real estate sector

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Revelations come amid federal government push for additional scrutiny of sector through counter-terror financing and money-laundering laws

Convicted criminals and unlicensed agents are operating in the real estate sector across multiple states, a Guardian Australia investigation has found.

In New South Wales, the Guardian has established that two individuals convicted of dishonesty offences have been allowed back into the industry well within the usual 10-year prohibition, and that gaps in the law mean convicted money launderers are able to find their way back into the industry.

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Green Day presale tickets for Australia tour as high as $500 under Ticketmaster’s dynamic pricing

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Regulator says dynamic pricing is legal if consumers are not misled as fans considering giving the Saviors tour a miss

Tickets to Green Day’s Saviors tour in Australia were as high as $500 in the initial presale after Ticketmaster revealed dynamic pricing was in effect for the rock band’s upcoming shows.

The first presale for the March 2025 leg of the tour went on sale Monday for three locations – the Gold Coast, Sydney and Melbourne. The cheapest general admission tickets were capped at $200 plus booking fee, but those wanting seated tickets were informed at purchase point that the price was as high as $500 due to what Ticketmaster calls “In Demand” pricing.

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Planned Shein IPO needs closer scrutiny, says former Labour minister

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Trade committee head Liam Byrne wants checks on firm’s possible supply chain links to forced labour

A former minister has called on the government to closely scrutinise Shein for possible links to forced working as the China-founded fast-fashion retailer prepares for a stock market listing in London.

Liam Byrne, the Labour MP who heads parliament’s business and trade committee, said the UK should introduce new legislation to increase scrutiny of supply chains that may include products made in the Xinjiang region of north-western China.

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‘There’s something in the air’: UK airport expansion gears up for takeoff

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Lobbyists are increasingly confident about expansion plans as concerns for the economy start to deepen

The younger, tormented minister mulling his position before the Labour government granted Heathrow’s third runway in 2009 might have been greatly relieved to know that, 15 years later, not a shovel would have touched the ground.

But now, returning to power with a revamped energy and climate brief, Ed Miliband again finds himself in a cabinet which, many in aviation hope, may usher in bigger airports and more flights – as well as enough CO2 emissions to outweigh any new solar farms.

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What’s causing China’s economic downturn and what does it mean for Australia?

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Oversupply and deflation are spooking markets, while falling demand for coal and iron ore threatens to further hamper anaemic Australian growth

“Because most Chinese are satisfied with the economy’s performance, Beijing would probably resist major adjustments in savings, consumption and investment incentives that did not serve its industrial policy goals.

“Only the prospect of closed foreign markets or deep recession at home, neither of which Beijing believes is likely in the near term, would change this view.”

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