Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
By Alexander Bueso
Date: Sunday 17 Nov 2024
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph
AstraZeneca is picking up the pace of its towards the US. It is a move likely to be welcomed by the Trump administration. For the Labour government's plans to turbo-charge UK growth on the other hand it will be a setback. The pharma giant under its boss Pascal Soriot is funnelling $3.5bn into new research and development and manufacturing plants in the States that will require thousands of new hires. Back on home shores however the company's talks with the Government to build a £450m factory in Liverpool have hit a snag. - The Financial Mail on Sunday
BAE Systems is planning to build an artillery factory in Sheffield through the investment of £25m on a 94,000 square foot site. The new factory will be used to build the M777 lightweight howitzer. The defence engineer says that the factory will "sustain and revitalise vital UK artillery capabilities". Work has begun and is scheduled to be finished in 2025. - Financial Mail on Sunday
Over 5,000 investors in Neil Woodford's failed equity fund are suing Hargraves Lansdown, according to RGL Management. That's nearly twice as many as two years before. They allege that the investment platform continued to promote the fund despite being aware of its problems. RGL was expecting the total sum of the claims to surpass £200m. Roughly 300,000 persons invested in Woodford's fund, of which 130,000 did so through Hargreaves. - Guardian
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