Thursday, 27th April 2017

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Latest stories in the Press round-up section

Wednesday newspaper round-up: McDonald's, Heathrow, Trump, RBS

Yesterday

Michele Maatouk

(ShareCast News) - The 26-year-old Duke of Westminster, who is believed to be the world's richest person under 30 with a 9bn fortune, has been hit by a steep drop in returns on his family's British property empire, which includes many of the most famous addresses in London's Mayfair and Belgravia. The Grosvenor Group, which Hugh Grosvenor inherited last year following the death of his father Gerald Grosvenor, reported on Tuesday that returns on its British & Irish property portfolio had collapsed to just 0.3% last year compared with 10.7% in 2015. It is the company's worst UK performance since the 2008 financial crisis and follows six successive years of returns above 10%. - Guardian

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Wednesday newspaper round-up: McDonald's, Heathrow, Trump, RBS

Michele Maatouk

(ShareCast News) - The 26-year-old Duke of Westminster, who is believed to be the world's richest person under 30 with a 9bn fortune, has been hit by a steep drop in returns on his family's British property empire, which includes many of the most famous addresses in London's Mayfair and Belgravia. The Grosvenor Group, which Hugh Grosvenor inherited last year following the death of his father Gerald Grosvenor, reported on Tuesday that returns on its British & Irish property portfolio had collapsed to just 0.3% last year compared with 10.7% in 2015. It is the company's worst UK performance since the 2008 financial crisis and follows six successive years of returns above 10%. - Guardian Yesterday

Tuesday newspaper round-up: Customs bill, banks, WS Atkins, business rates

Digital Look

(ShareCast News) - Britain will have to settle a demand for 2 billion over its failure to tackle customs fraud before it can agree a post-Brexit trade deal with the EU, senior Brussels sources have said. European officials believe that HM Revenue & Customs is failing to curb Chinese crime gangs that systematically undervalue goods imported into the EU through Dover and Felixstowe, avoiding billions of pounds in customs duty and VAT. - The Times 2 days ago

Monday newspaper round-up: Euro surge, bank bill, football deal

Oliver Haill

(ShareCast News) - The euro surged to its highest level in almost six months after early projections indicated that the runoff for the French presidency would come down to a second-round duel between independent centrist Emmanuel Macron and far-right leader Marine Le Pen. Investors cheered the early projections, which were announced an hour before foreign exchange markets opened in Australia. - Telegraph 3 days ago

Sunday newspaper round-up: Inflation, election manifestos, US tax, Imagination Tech

Digital Look

(ShareCast News) - Britain's households could be spared a further blow from higher inflation because the snap election has pushed up the pound, limiting the chance of more rises in the cost of imports. Economists believe that a bigger Conservative majority could strengthen sterling - or at least stop it falling further - protecting living standards and so holding back one of the main threats to the UK economy this year, the Sunday Telegraph noted. 4 days ago

Friday newspaper round-up: World Bank, Tata Steel, FTSE pay

Michele Maatouk

(ShareCast News) - The president of the World Bank has told Theresa May that cutting the UK's aid budget could lead to an increase in conflict, terrorism and migration and would damage Britain's international reputation. In a strongly worded response to reports that the government was considering dropping its commitment to devote 0.7% of national income to aid each year, Jim Kim said the money the UK provided was vital not just for developing countries but for the future of the world. - Guardian 6 days ago

Thursday newspaper round-up: Immigration, US concerns, Sky, Facebook

Digital Look

(ShareCast News) - Theresa May is being forced into a concession over migrant targets as part of the price for calling a snap poll. The prime minister is ready to soften her longstanding opposition to taking foreign students out of immigration totals. - The Times 7 days ago

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