Wednesday newspaper round-up: Entain, Invesco, Deltic Energy

12th Jun 2024 07:21

(Sharecast News) - The owner of South West Water has warned that global heating will increase the risk of outbreaks of the parasite that caused diarrhoea and vomiting in south Devon. Pennon Group said that "gradual and significant increasing average and high temperatures" could pose "risks to water quality and water treatment" - including the cryptosporidium parasite - in its annual report, published this week. - Guardian

Investors could seek more than £100m in compensation from the owner of Ladbrokes and Coral for failure to update them on issues with bribery and corruption at the group's former Turkish operation. The planned action, led by the legal firm Fox Williams, follows Entain's agreement to pay almost £600m - one of the largest financial penalties ever imposed in the UK - in a deal with HM Revenue and Customs finalised in December 2023 after an investigation into alleged bribery. - Guardian

An investment team formerly run by Neil Woodford is being disbanded amid flagging interest in London-listed shares. Invesco is to close its dedicated UK stock-picking unit and merge it with its European division from January. The teams are being merged as investor interest in British stocks wanes. Money in the Invesco UK Equity Income and High Income funds has shrunk to £6.86bn, compared to £33bn when Mr Woodfood oversaw them. - Telegraph

An oil and gas company run by a Labour campaigner has blamed "negative political rhetoric" for its decision to abandon work on one of the most significant discoveries in the North Sea. Deltic Energy on Tuesday blamed "deteriorating sentiment towards the oil and gas industry as a result of ongoing fiscal volatility and negative political rhetoric in the run-up to the July election" for its decision to walk away from the Pensacola field. - Telegraph

Banana firm Chiquita Brands has been ordered to pay $38.3m (£30m) to 16 family members of people killed by a right-wing paramilitary group it funded during Colombia's long civil war. The decision by a federal jury in Florida marks the first time the company has been found liable in any of a number of similar lawsuits pending elsewhere in the US. - Sky News