Tuesday newspaper round-up: Missing yacht, City Airport, energy bills

20th Aug 2024 07:28

(Sharecast News) - Morgan Stanley International chairman Jonathan Bloomer is among those missing after a yacht carrying UK tech entrepreneur Mike Lynch sank off the coast of Sicily during a violent storm, an Italian official has said. Salvatore Cocina, head of the civil protection agency in Sicily, said Bloomer and Chris Morvillo, a lawyer at Clifford Chance, were among the six people missing. Lynch and his 18-year-old daughter, Hannah, were also unaccounted for as of late Monday. - Guardian

Ministers have approved London City airport's application to expand, in a decision that has disappointed climate campaigners. The airport submitted a proposal to increase capacity from 6.5 million to 9 million passengers a year by putting on more weekend and early morning flights. Local campaigners and Newham council opposed the move, arguing the air and noise pollution would affect people living nearby and that it could potentially increase carbon emissions. - Guardian

A Labour MP whose constituency borders the proposed Sizewell C nuclear power station has been criticised for accepting a £2,000 donation from the developer behind the project. Jack Abbott, the newly appointed MP for Ipswich, is facing scrutiny over the decision to take cash from the French energy giant EDF earlier this month. - Telegraph

Energy bills for most households in Britain are expected to rise by an average of £146 to £1,714 a year from October 1, as wholesale gas prices rebound amid mounting global political turmoil. Ofgem is set to lift the price cap by 9 per cent, from £1,568 for the present quarter, when it updates the ceiling on Friday, according to Cornwall Insight, an industry forecaster. - The Times