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Wednesday newspaper round-up: Boeing, spring statement, BoE, Petrofac boss

By Michele Maatouk

Date: Wednesday 13 Mar 2019

Wednesday newspaper round-up: Boeing, spring statement, BoE, Petrofac boss

(Sharecast News) - Boeing and the US aviation authorities have come under increasing pressure to ground the 737 Max despite repeated reassurances as the European Union and numerous other countries halted flights and Donald Trump weighed in following a second fatal crash involving the plane in less than five months. US regulators, airlines and the manufacturer have become increasingly isolated in maintaining that the plane is safe. - Guardian
Philip Hammond is poised to deliver the spring statement on Wednesday against a backdrop of mounting political turmoil over Brexit, with increasing risks to the UK economy from a no-deal exit. No major tax and spending changes are expected, as the main budget is now held in the autumn rather than the spring, but there will be a key update on the state of the economy from the Office for Budget Responsibility. - Guardian

Britons should be able to regain control of data from technology giants to break their stranglehold over the digital economy and boost competition online, according to a landmark review for the Government. A panel of experts told the Treasury that consumers should be able to move move their data from one digital service to another more easily to curb the dominance of Amazon, Apple, Facebook, Google and Microsoft in "winner-takes-most" markets. - Telegraph

GlaxoSmithKline boss Emma Walmsley received a 20pc pay jump to £5.9m last year but still took home less than the company's chief scientific officer. Britain's biggest drugmaker revealed in its annual report that Dr Hal Barron was paid £6.6m last year and got both a higher basic salary and annual bonus than the chief executive. - Telegraph

The Bank of England is "years out of date" in how it works and its credibility is at risk, MPs say today in a highly critical report. The Commons public accounts committee warns that the Bank has undermined its authority to demand compliance from the industry after it failed to take disciplinary action against officials who violated its procurement policy up to 200 times in a year. - The Times

The boss of Petrofac has lost his appeal against an insider trading fine imposed by Italy's financial regulator. After a court in Rome upheld the penalty, Ayman Asfari said that he planned to appeal to a higher court. A spokesman said that the ruling had been "a total surprise and hugely disappointing". - The Times

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