Friday newspaper round-up: Gambling companies, UK new cars, Ocado
By Michele Maatouk
Date: Friday 28 Feb 2020
(Sharecast News) - The Gambling Commission is outpaced and outgunned by betting companies, according to a government report warning that the watchdog is struggling to protect people from gambling-related harm. The National Audit Office, which monitors the effectiveness of public bodies, said the regulator had not adjusted to technological change such as the rise of online and mobile gaming. It said funding constraints had hampered the commission, which has an annual budget of ?19m but regulates an industry that took ?11.3bn from punters last year. - Guardian
New cars sold in the UK produce more carbon dioxide than older models, according to new research that suggests the industry is going backwards in tackling the climate crisis. Cars that reach the latest standards of emissions use cleaner internal combustion engine technology to combat air pollution, but the relentless rise in demand for bigger, heavier models meant that average emissions of the greenhouse gas rose, according to the consumer group Which? - Guardian
Lord Rose of Monewden, chairman of online grocer Ocado, has scooped ?1.68m by selling shares in the company. The 70-year old Conservative peer, who became chairman in 2013, sold 150,000 of Ocado shares at ?11.24 per share. Last year he also pocketed ?7.4m by selling two separate batches of shares in two days. - Telegraph
Aidan Barclay hopes to seal a deal to sell the Ritz hotel by the summer - a move that could spark a fresh legal battle with his uncle Sir Frederick Barclay. Sources say the 114-year-old Ritz, a favourite watering hole of Sir Winston Churchill, the Aga Khan and J Paul Getty, will fetch between ?700 million and ?800 million, making it one of the most expensive hotels to change hands. However, the sale could deepen a rift with Aidan Barclay's uncle if the two disagree on the price secured for the trophy asset. - The Times
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