Monday newspaper round-up: Water companies, Sky, Microsoft

21st Oct 2024 07:27

(Sharecast News) - Almost half of the UK workforce lack access to workplace health support including winter flu vaccinations and checks for cardiovascular diseases, a report has found. The analysis, by the Royal Society for Public Health (RSPH), looked at data from the Department for Work and Pensions and the Department for Business, Energy and Industrial Strategy (DBEIS) and found that more than 10 million UK workers lack access to services including basic health checks, vaccinations, and smoking or weight loss support, provided by their employer. - Guardian

Bonuses for water company bosses in England and Wales rose to £9.1m this year despite record sewage discharges into rivers and seas. More than a third of that total comprised bonuses at Severn Trent, which was fined £2m this year for "reckless" pollution but lifted its bonuses to £3.36m. Thames Water almost doubled its payouts to executives, from £746,000 in 2021-22 to £1.3m in 2023-24, despite its CEO quitting halfway through the year. - Guardian

Sky has reported a £750m loss after the Qatar World Cup pushed up broadcasting costs and the company wrote down more than £1bn on its operations in Italy and Germany. The British broadcaster, which is owned by the US telecoms and media giant Comcast, doubled its operating losses as it shifts from its traditional satellite model to broadcasting channels over internet streaming. - Telegraph

Microsoft has signed a five-year product agreement with the British government as the Labour administration deepens its ties with the giant technology group, whose UK chief executive has just been appointed to lead an influential new industrial body. Microsoft and the Crown Commercial Service, the UK's biggest public procurement organisation, have agreed a memorandum of understanding giving public sector organisations access to Microsoft's portfolio of AI-powered products and services. - The Times

The hospitality industry has warned of a £900 million hit in the spring unless the chancellor reforms business rates in the budget. Bosses of some of the UK's biggest pubs and high street venues said that without government action the tax would quadruple when business rates relief ends on March 31, costing the sector an additional £914 million. - The Times