Tuesday newspaper round-up: JLR, Ineos, pensions
By Michele Maatouk
Date: Tuesday 07 Oct 2025
(Sharecast News) - The world's wind and solar farms have generated more electricity than coal plants for the first time this year, marking a turning point for the global power system, according to research. A report by the climate thinktank Ember found that in the first six months of 2025, renewable energy outpaced the world's growing appetite for electricity, leading to a small decline in coal and gas use. - Guardian
Some factory workers at Jaguar Land Rover (JLR) returned to work on Monday, with the British manufacturer hoping to start making a limited number of cars as soon as this week after a crippling cyber-attack. The first factory expected to restart production is at Wolverhampton in the West Midlands, where JLR makes engines. Some workers are understood to have returned to the site on Monday. - Guardian
Sir Jim Ratcliffe's Ineos has cut a fifth of jobs at its Hull chemical plant, blaming net zero and competition from coal-fuelled Chinese imports. Some 60 roles are being axed at the Ineos Acetyls factory in Hull, which is Europe's largest producer of acetic acid, acetic anhydride and ethyl acetate. These are vital raw materials for a multitude of products including food preservatives, medicines, paints and detergents. - Telegraph
The pensions minister is under pressure to unlock a £3.9bn payout for thousands of retirees who had their benefits frozen when their employers went bust. Torsten Bell is facing calls to change the law to allow compensation payments for 140,000 members of the Pension Protection Fund (PPF) who have missed out on decades of inflation-linked payments. - Telegraph
One of the world's biggest hedge funds has amassed a £35 million bet against the London-listed shares of Metlen Energy & Metals only two months after the Greek company joined Britain's stock market in a deal that was hailed as a boost for the City. Millennium has built a short position equivalent to 0.6 per cent of Metlen's share capital, according to disclosures to the Financial Conduct Authority, which tracks significant bets against London-quoted shares. - The Times
Two years ago few had heard of BYD in the UK and even fewer had bought a car produced by the Chinese carmaker, as not one had yet arrived on the forecourt of a British motor retailer. After another month of stunning sales, however, the UK has become BYD's biggest market outside China and has overtaken a clutch of established motor brands such as Citroën, Fiat, Honda, Lexus, Mazda, Seat and Suzuki. - The Times
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