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What the Papers SayBack

The Financial Times

Taxi app Uber ranks top for funding ahead of planned IPO

uber2

Uber’s latest financings will bring its total funding to $10bn, setting a record for a US tech company before it goes public, as it closes in on a new credit line and equity round.

Cameron wants wage rises to replace benefits

Business urged to help shift towards society of lower taxes and less welfare

Cash remains king for consumers

(The death of cash has been exaggerated; the public remains attached to paper money)

Companies and Markets

GM activists cool on Fiat Chrysler deal

Investors at US group lack interest in tie-up proposed by chief of bigger rival

Activist shareholders in General Motors have said they will not push for a merger with Fiat Chrysler Automobiles, pouring cold water on Fiat chief executive Sergio Marchionne’s efforts to pull off an unlikely cross-border deal.

The Times

Thousands of drivers face losing their license in dementia review

Tens of thousands of drivers with dementia are still on the road despite posing a risk to the safety of others because of flaws in the licensing system, a senior doctor has claimed.

Business

We need opt-outs in Europe, business chiefs tell Cameron

Business leaders have called on David Cameron to secure opt-outs from European Union directives as part of Britain’s renegotiated membership of the single market.

The Daily Telegraph

Get more mothers into work, orders EU

Britain has too many stay-at-home mothers and must do more to get them into work, the European Union has said.

Call for reversing alarms after delivery van kills bellringer

Delivery vans should be fitted with reversing warning systems, a coroner has demanded, following the death of a retired languages teacher.

Business

Wages to rise sharply, says Bank deputy governor

Wage growth should accelerate over the coming months as business investment increases and productivity takes off, Sir Jon Cunliffe, deputy Governor of the Bank of England, has predicted.

Investors bet on oil prices rising up to 50pc by end of the year

Investors are beginning to bet on a sharp rebound in the oil price by the end of the year, on the back of rising demand and a slowdown in US production.

The Daily Mail

Why did police pick on me, asks M-way middle lane roadhog

The first Briton convicted of hogging the middle lane of a motorway last night accused police of treating him like a common criminal.

Ian Stephens, 42, was fined £500 and ordered to pay £440 costs after he was pulled over in his Citroen Berlingo.

Posted by Lois Hardy on 23/06/2015