Thursday newspaper round-up: North Sea oil fields, John Lewis, Telegraph sale.


Ministers will restart the approval process for two controversial oilfields on Thursday, even as new figures show the UK will be almost entirely dependent on foreign gas by 2050 regardless of whether they are approved. Michael Shanks, the energy security minister, will on Thursday announce the results of a government consultation on the giant Rosebank field and the smaller Jackdaw one, in a move the industry says will set the tone for the future of production in the North Sea. - Guardian

Source: Sharecast

John Lewis is asking some head office staff to spend at least three days a week in the office or out on the road in the latest shift away from working from home. The department store group said members of its commercial teams – which include those working in buying and merchandising – should work no more than two days a week from home from July. Previously they were allowed to work up to three days a week at home. - Guardian

Ministers have promised to block foreign powers from teaming up to own newspapers after peers threatened the Government with an embarrassing defeat. The House of Lords has been preparing to derail proposals by Lisa Nandy, the Culture Secretary, to allow the United Arab Emirates to own a passive stake in The Telegraph of up to 15pc. – Telegraph

Since Israeli forces first launched attacks to destroy Iran’s nuclear bomb-building capabilities last Friday, they have maintained a daily drumbeat of punishing strikes. But as Israeli jets continue to streak through the skies, it’s not just Iran’s supreme leader that will be nervous. In Moscow, the rapid collapse of their strategic ally’s air defences – several of them supplied by Russia itself – will also have Vladimir Putin’s military chiefs rattled, according to experts. - Telegraph

An offshore financial services provider has allegedly “largely confirmed” that the former boss of a listed technology company had undisclosed links to companies which made £124 million when it floated. Big Technologies, which is suing its founder and former chief executive Sara Murray, claimed at its annual meeting on Wednesday that FNB International Trustees had corroborated its allegations that Murray was linked to offshore companies that owned 38 per cent of Big before it floated in 2021. – The Times

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