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What the Papers SayBack

The Financial Times

CBI chief to call for GCSEs to be scrapped

gcse

Qualification redundant now education continues until 18, says Cridland

Carmakers queue up to test driverless technology

Autodrive consortium says it has been approached by at least two global manufacturers

Driverless cars might not be on Britain’s roads just yet, but the government is already hoping the country will become the destination of choice for manufacturers to test their technologies.

Tim Armitage, who is leading a trial of autonomous road-going cars and public transport “pods” under the Autodrive consortium, says he has been approached by at least two large global car manufacturers that want to conduct tests in Britain.

Isis uses oil blockade to bludgeon rebels

Northern provinces face food shortages and hospital closures as jihadis cut vital fuel supplies

Companies and Markets

Dragon shareholders in spat over Enoc offer

The two largest shareholders in Dragon Oil, the London-listed explorer, were involved in a public spat yesterday over what it is worth

Rise of Leroy signals Toyota’s global goals

Frenchman’s promotion is a landmark as it sets sights on growth in weaker markets

When Didier Leroy joined Toyota in 1998 his friends said he was “totally crazy” for defecting from France’s Renault to the Japanese carmaker, warning that he would never be given responsibility.

He proved them wrong this week when he became Toyota’s most senior non-Japanese executive.

Sterling hits 2015 high as rate rise signals grow

Sterling hit a new high for 2015 against the dollar yesterday, after retail sales figures became the latest data to point toward a UK rate rise.

The Times

Drivers overcharged for diesel by 5.8p a litre, says AA

Diesel drivers are being “ripped off” at the pumps as retailers fail to pass on price falls. The AA found that at the start of the year the wholesale price of diesel was almost 5p higher than that of petrol, but by this month it was about 2.3p less. However, motorists are paying an average of 3.5p a litre more for diesel at the pumps. The cost of filling a 55-litre tank is now £66.55.

Business

Toyota’s top woman in Tokyo arrest

One of the most senior women in Japanese business has been arrested in Tokyo over allegations she brought a banned narcotic into the country.

We’re steering clear of you, GM warns as Fiat seeks a merger

Two of the world’s biggest car makers are fighting it out in a high-stakes battle that could redefine Detroit’s vehicle manufacturing industry.

The Daily Telegraph

Driverless cars ‘could set free 1.5m housebound older people’

Driverless cars could liberate almost 1.5 million elderly people who are virtually trapped in their own homes by poor or inaccessible public transport links, a study has concluded.

Motorists cutting back on car use as petrol prices rise

Petrol prices have reached a six-month high, with many motorists cutting back on car use, according to the AA.

And an extension of the districts in which drivers get a special rural area fuel rebate has failed to kick-start sales at the pumps in some places, the AA said.

Business

Shoppers pause for now but annual spend could be highest in a decade

British retail sales growth slowed sharply last month after strong growth in April, as shoppers bought fewer clothes, official data showed.

Monthly retail sales volumes rose 0.2pc in May- broadly in line with economists’ expectations- to show 4.6 pc year-on-year growth, the Office for National Statistics said.

Gatwick gusher claims ‘mean nothing’

A leading oil and gas expert has poured cold water on further claims by the investors in the so-called “Gatwick gusher” that billions of barrels of oil could be exploited under Surrey.

Posted by Lois Hardy on 19/06/2015