You are here: Home - Investing -

Tuesday newspaper round-up: Asda, Austerity, Google…

Written by:
Asda to launch same-day delivery service; EU near austerity limit, says Barroso; Google defends tax avoidance policies.

The Telegraph says that supermarket giant Asda is to unveil plans to introduce a same-day shopping delivery service as part of a £700m investment drive in the UK.

President of the European Commission, José Manuel Barroso, said that austerity in Europe could have reached its limit as debt in troubled nations continued to rise last year, writes The Times. He said: “A policy to be successful not only has to be properly designed, it has to have [a minimum level] of political and social support.”

The Chairman of internet giant Google, Eric Schmidt, has defended the company’s tax avoidance policies after paying just £6.0m in corporation tax in the UK, The Guardian writes. He said that Google “fully comply[s] with the law”.

According to The Independent, High Street rivals Sports Direct and JD Sports Fashion are thought to be considering bids for Manchester-based Americana, the owner of the Bench clothing brand. Offers could come in at up to £100m.

The government could raise up to £3.0bn from selling some or all of its one-third stake in Urenco, the uranium enrichment company, as it looks to cut public debt, says The Independent. The paper says that this would represent one of the largest privatisations in years.

Retail giant Walmart doubled the pay of four members of its audit committee last year to $120,000 as their workload increased on the back of the company’s investment into bribery allegations in Mexico, says the Financial Times.

The Archbishop of Canterbury, Justin Welby, has argued for the break up one of the UK’s largest banks to create a series of regional lenders, reports The Telegraph.


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?

Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...

Is now the time to fix your energy deal?

Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...

Everything you need to know about the pension triple lock

Retirees are braced to receive another bumper state pension pay rise next year due to the triple lock mechanis...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts

A number of banks are luring in new student customers with cold hard cash this year – while others are compe...

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Money Tips of the Week