Monday newspaper round-up: Boeing, rent rises, e-scooters, Santander UK

8th Apr 2024 07:23

(Sharecast News) - US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap. The Southwest Airlines flight 3695 rose to about 10,300ft (3,140 metres) before returning safely 25 minutes after takeoff to Denver international airport at about 8.15am local time on Sunday. It was towed to the gate after landing. The Boeing aircraft with 135 passengers and six crew members aboard had been headed to Houston. No one was injured. - Guardian

Rent rises in Britain are forecast to outpace wage growth, despite having already surged at the fastest pace on record after the Covid pandemic and the cost of living crisis. The Resolution Foundation expects added pressure on millions of households and said average rents could increase by 13% over the next three years as current high growth in the private rental market work their way through existing tenancies. - Guardian

E-scooter start-up Lime is plotting a £25m expansion in London after the company was banned from Paris last year. Investment in the UK capital will allow the US scooter and e-bike hire company to branch out into three more boroughs and open a new warehouse in North London. It comes after e-scooters were cleared from the French capital's streets last year following a referendum. - Telegraph

Britain's biggest long-term savings and retirement business is drawing up plans to launch a new superfund to back fast-growing companies in a boost for Jeremy Hunt. Phoenix, which owns insurer Standard Life, is in the early stages of creating a multibillion-pound investment vehicle that insiders say will help turbocharge investment in high-growth sectors and lift pension returns. - Telegraph

Santander UK, Britain's fifth-biggest high street bank, is cancelling its membership of a key lending standards body because of the duplication of regulatory standards to which the industry is required to adhere. Sky News has learnt that the Spanish-owned bank served notice last week of its intention to quit the Lending Standards Board, citing the establishment of the City watchdog's Consumer Duty and the imminent implementation of new fraud reimbursement rules overseen by the Payment Systems Regulator. - Sky News