Wednesday newspaper round-up: Prax Lindsey, Santander/TSB, pensions, Qantas
By Michele Maatouk
Date: Wednesday 02 Jul 2025
(Sharecast News) - The married couple behind the Prax Lindsey oil refinery awarded themselves at least $15.9m (£11.5m) in pay and dividends in the years leading up to its collapse, it has emerged, as the government urged the company's boss to "put his hand in his pockets" to help workers. Winston Soosaipillai, who goes by his middle names Sanjeev Kumar, jointly owned the refinery with his wife, Arani, until it plunged into insolvency on Monday. - Guardian
The Spanish bank Santander is buying the British high street lender TSB for £2.65bn, raising fears of job cuts and branch closures across the combined group. The proposed deal, announced on Tuesday evening, is the result of a takeover tussle in Santander's home base of Spain, with the lender Sabadell having decided to sell TSB as it faces an €11bn (£9.4bn) hostile approach from a rival, BBVA. - Guardian
Britons face working until they are 74 unless the Government scraps the triple lock on pensions, according to a leading think tank. The Institute for Fiscal Studies (IFS) issued the warning amid concerns that an ageing population will mean the country cannot meet its ballooning state pension bill. - Telegraph
Australian airline Qantas has been targeted in a major cyber attack, with millions of customers affected. The airline said it detected "unusual activity" on Monday and the personal data used by Qantas's contact centre had been compromised. This platform stores records of 6m customers. - Telegraph
The long-serving chief executive of AstraZeneca, Britain's most valuable public company, would like to move the stock market listing to the United States, according to multiple sources. Sir Pascal Soriot has spoken privately of his preference to move the FTSE 100 company's listing on a number of occasions and has even discussed moving AstraZeneca's domicile, according to a source familiar with his thinking. - The Times
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