Tuesday newspaper round-up: Rupert Murdoch, Tesla, HSBC
By Michele Maatouk
Date: Tuesday 10 Dec 2024
(Sharecast News) - Rupert Murdoch's three adult children will retain control over their father's media empire upon his death, a Nevada court has ruled after Murdoch launched a campaign to wrest away their power and give it all to his oldest son. The New York Times reported on Murdoch's loss, citing a sealed court decision that was filed on Saturday. The family battle took place outside of the public's eye, despite attempts from the media to gain access to the trial. - Guardian
Tesla lobbied the UK government to strengthen rules on carbon emissions from cars and lorries, according to documents that also show the electric carmaker continued to push for increased taxes on fossil fuel cars. The US carmaker, which is run by Elon Musk, pushed for the British government to strengthen its zero-emission vehicle (ZEV) mandate for cars and introduce equivalent rules for heavy goods vehicles (HGVs), in a letter to Lilian Greenwood, the Labour roads minister. - Guardian
HSBC has been accused of funding deforestation in one of South America's largest forests, increasing scrutiny of the bank's climate policy under Georges Elhedery, its new chief. The lender, which is being restructured under Mr Elhedery, has been blamed for indirectly fuelling the destruction of Paraguay's Gran Chaco. - Telegraph
The TV streaming and film production company behind the Paddington films is to list in London within days after shareholders overwhelmingly approved the break-up of its parent business Vivendi of France. The Paris-based Canal+, which boasts 27 million pay TV customers worldwide as well as rights to the Ealing comedies and Carry On films, will be spun off from Vivendi and list next Monday in a move seen as a coup for London. - The Times
Insider dealing could be taking place before as many as one in three takeover bids in the UK, regulators have indicated, but the trend is downwards. The Financial Conduct Authority identified suspicious trading activity before 30.3 per cent of bids in 2023, which was down from 35.3 per cent in 2022. Its new methodology suggests, however, that the illegal activity has for years been more commonplace than the regulator had thought because of flaws in the way it previously identified red flags. - The Times
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