Monday newspaper round-up: Banks, rail passengers, Centrica, Lendy
By Michele Maatouk
Date: Monday 22 Jul 2019
(Sharecast News) - Banks are closing branches in deprived communities in England four times faster than in wealthy areas. High street banks have collectively closed 990 branches in the most deprived areas of the country since 2010, compared with 230 in the richest local authorities. - Guardian
Rail passengers have been urged to claim compensation for every delay they suffer after missing out on an estimated £100m in payouts last year. Transport Focus, the UK industry watchdog, said passengers should send a message to train operators that reliability must keep improving by claiming their full entitlement. - Guardian
Centrica is preparing to pare back its dividend for the second time in four years as the British Gas owner plots the sale of some oil and gas interests in a bid to revive its finances. The FTSE 100 firm could cut to its payout to investors as well as offload some of all of its 69pc stake in oil and gas producer Spirit Energy in a bid to cut its £2.7bn debt mountain. - Telegraph
A brewing debt ceiling crisis in the US could plunge the world's biggest economy into recession, economists have warned as Donald Trump and Congress go to war over surging borrowing. The US government is expected to run out of money as soon as September unless the Trump administration and the Democrat-controlled House of Representatives strike a deal to lift the limit on federal borrowing. - Telegraph
The Financial Conduct Authority knew Lendy had been mis-selling loans when it granted the peer-to-peer lender regulatory approval before its collapse. The City regulator asked Lendy to compensate customers over loans that ordinary investors were misled about before granting the platform full authorisation a year ago, The Times can reveal. - The Times
British listed companies are set to lift dividends this year to a record £107 billion but the underlying picture is much weaker than the headline numbers suggest, according to a study. Exceptionally large special dividends and the slide in the pound have flattered the numbers and led to a 14.5 per cent rise in total payouts to £37.8 billion in the second quarter, according to Link Group's quarterly study of dividends. - The Times
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