From the sublime to the cringeworthy: Tim Ross on Australia’s housing dream (and nightmare)
GB Energy faces ‘challenging’ task to find CEO for Aberdeen HQ, sources say
Britain’s state-owned energy company faces a “challenging” task to find a chief executive for its Aberdeen HQ when it begins recruiting this month, senior industry sources have said.Great British Energy is poised to begin the hunt, but sources claim there are still no obvious frontrunners for the top job almost six months after the £8.3bn publicly owned clean energy company was formed.The government promised in September that it would appoint an interim chief executive “soon” to set up GB Energy in Aberdeen, where it would “supercharge” Britain’s clean energy revolution.But several industry sources have told the Guardian the government was likely to struggle to find a permanent candidate with the industry credentials to take responsibility for billions of pounds in public spending at the high-profile venture who would also agree to a civil servant’s salary and a base in Aberdeen
At least half of WH Smith stores could close under a new owner, experts say
At least half of WH Smith’s 500 high street stores could be closed by any new owner, industry experts say, raising the prospect of sweeping job losses at the ailing retailer.Predictions for the eventual size of the chain, which employs about 5,000 people in its high street shops, range from no more than 250 stores. Offers for the group are expected in the next few weeks and a deal completed by early May.WH Smith is in talks with potential bidders including the private equity groups Hilco and Alteri, the Hobbycraft owner, Modella Capital, and the HMV owner, Doug Putman, as it aims to focus on its fast-expanding travel business, which is opening outlets overseas as well as in UK stations, airports and hospitals.They are expected to pay as much as £100m, with assets including the Richard & Judy Bookclub brand, 200 sites that include a large post office, and the rights to distribute Toys R Us products in the UK
Labour must seize the moment to show child poverty matters in push for growth | Heather Stewart
“Many of us had moments when we felt overwhelmed in sharing our stories. However, we pushed through, with the hope of changing policies that will improve the living standards of the many families living on low incomes who struggle in silence.”Tayyaba Siddiqui was one of a group of parents and carers who sat around a table in Downing Street last month with the education secretary, Bridget Phillipson, and the employment minister Alison McGovern to discuss the challenges of raising children in poverty – and what needs to change.The event was part of a comprehensive listening exercise, which has brought ministers and civil servants face to face with families and experts up and down the UK, to better understand the lives of the 4.3 million children living below the poverty line
Rare metal assets, 4,000 workers, a Canary Wharf HQ… but does this billion-pound firm really exist?
At first glance, there is nothing remarkable about Gofer Mining plc. It appears to be just another multibillion-pound corporate giant, with London headquarters in Canary Wharf and interests stretching from Tibet to Ukraine.Its lengthy financial accounts are full of prosaic details about mineral weights, rare metal assets and exploration plans.Yet the apparently innocuous multinational is not at all what it seems. In fact, it is linked to both a bizarre project to invent a new nation, as well as a very real attempt to seize control of a Ukrainian goldmine
AstraZeneca, Whitehall, and a failed £450m deal for the next generation in vaccines. What went wrong?
When the pharma firm cancelled plans for a major expansion of its Merseyside plant last month, there was no shortage of questions – or blame – over responsibilityAt a tense meeting with senior civil servants on the afternoon of 29 January, the UK chair of AstraZeneca, Shaun Grady, pulled the plug on a planned £450m expansion of its childhood flu vaccine factory in Merseyside – bringing a year and a half of negotiations to an abrupt halt.The decision, announced publicly two days later, came just hours after the chancellor, Rachel Reeves, had singled out Britain’s biggest drugmaker as one of the country’s “great companies” in her long-awaited speech on kickstarting UK growth.If successful, the scheme would have transformed the site into a six-hectare research and manufacturing centre producing the next generation of vaccines – strengthening the UK’s pandemic readiness with the ability to make several at a time from start to finish.In July last year, AstraZeneca’s chief executive, Pascal Soriot, had declared the project in the Liverpool suburb of Speke “absolutely ready to go”. So how did months of wrangling over a £90m state support offer made by the previous government collapse into recriminations?It is not the UK’s first big investment loss in this sector
What do Trump’s tariffs mean for US-China trade?
Donald Trump postponed his threat to tax all imports from Mexico and Canada this week, citing action by those countries against migration and drug smuggling; but it was telling that tariffs on China went ahead.When it comes to the US’s neighbours, Trump’s Treasury secretary, the hedge fund manager Scott Bessent, made clear in a Fox News interview that tariffs are essentially a negotiating tool – partly aimed at achieving non-economic goals.But Trump’s beef with China is a much more longstanding and more widely shared one, that can be traced back to the deep imbalances between the two economic superpowers.“The grievances with China are far more genuine than grievances with Mexico, or with Canada,” says Neil Shearing, the chief economist at the consultancy Capital Economics, who is now writing a book about the clash between the rival economies.So it should not have been a surprise that Trump pressed ahead with promised 10% tariffs on China, which rapidly hit back with levies on a range of US goods
Campaign launched to make public toilets a legal requirement in Britain
‘I just didn’t see mess’: help emerges for children of parents who hoard
Can we break the anxiety habit?
Revealed: gambling firms secretly sharing users’ data with Facebook without permission
Children still being sent far from home for mental health care in England
Calls for UK government to tackle alcohol-related deaths in older people