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In the UK, Metsä Tissue's main brand is Katrin, a paper towel and toilet roll brand used by corporate and professional clients. (Bloomberg) -- Finnish company Metsä Tissue is building a new paper mill in the Humber estuary of northeast England, in an investment worth hundreds of millions of pounds that will create 400 jobs. [Extracted from the article]

UK Gives 100 Days to Spend Last £14.5 Billion of Paper Banknotes (Bloomberg) -- The Bank of England said people holding £14.5 billion in old paper banknotes have just 100 days to spend or deposit the money before it becomes worthless. The UK central bank said about 477 million of Britain's last remaining banknotes printed on paper remain in the hands of the public but will cease to be legal tender after Sept. 30. [Extracted from the article]

This week, UK power prices for the first quarter of next year traded about £124 per megawatt-hour, about 2% lower than the equivalent French price of €147. (Bloomberg) -- The UK will increase power sales to the continent this winter as a slump in carbon prices makes it cheaper to produce electricity at gas and coal plants. [Extracted from the article]

The decline in carbon permits has accelerated since early July, when the government unveiled its plans for reforming the country's emissions market. (Bloomberg) -- The cost of UK pollution rights slumped to a two-year low, with prices now almost half those of their European Union counterparts. [Extracted from the article]

The Sun newspaper was the 16th most popular news source across all platforms in the U.K. in 2020, according to industry regulator Ofcom. (Bloomberg) -- Rupert Murdoch's News Corp. wrote down the value of its once high-flying Sun title to zero, underscoring the dramatic decline in Britain's newspaper industry. [Extracted from the article]

Addressing delegates at what's been dubbed finance day at the summit, Sunak earlier promised to step up international climate aid, mobilize private sector finance and overhaul the global financial system to align it with a net zero future. (Bloomberg) -- U.K. Chancellor of the Exchequer Rishi Sunak said the world must translate hundreds of billions of dollars of pledges from companies and governments into concrete action on climate change, as he hailed a new "wall of capital" directed toward eliminating fossil fuel emissions. [Extracted from the article]

They also detail plans for a possible U.K. military presence inAfghanistan after the U.S.-led NATO operation there concludes. (Bloomberg) -- Documents containing classified information from the U.K.Ministry of Defence were found "in a soggy heap" by an anonymous personat a bus stop in Kent, the BBC reported on Sunday. [Extracted from the article]

The BBC didn't report further details of the Afghanistan operationdescribed on the documents due to the sensitivity of the matter. (Bloomberg) -- Documents containing classified information from the U.K.Ministry of Defence were found "in a soggy heap" by an anonymous personat a bus stop in Kent, the BBC reported on Sunday. [Extracted from the article]

%GBP, ALLTOP, BUSINESS, COS, EUROPE, EURTOP, GOV, INDUSTRIAL, INDUSTRIES, TOP, TRN, UK, WORLD Keywords: %GBP; ALLTOP; BUSINESS; COS; EUROPE; EURTOP; GOV; INDUSTRIAL; INDUSTRIES; TOP; TRN; UK; WORLD EN %GBP ALLTOP BUSINESS COS EUROPE EURTOP GOV INDUSTRIAL INDUSTRIES TOP TRN UK WORLD QW3LYCT0AFB9 (Bloomberg) -- Sign up for our Beyond Brexit weekly newsletter, follow us @Brexit and subscribe to our podcast. [Extracted from the article]

The UK Treasury has cautioned against implementing a fiscal stimulus, as it may cause interest rates to rise by up to 1.25 percentage points. This warning is in response to Conservative members of Parliament who are advocating for significant tax cuts before the upcoming general election. The Treasury's policy paper states that increasing borrowing by £25 billion, or 1% of GDP, could result in a 0.5 to 1.25 percentage point increase in interest rates, which is a larger impact than previously estimated by the Office for Budget Responsibility and International Monetary Fund. The Treasury attributes this increased sensitivity to stimulus to Britain's persistent inflation problem. [Extracted from the article]

The price has been bolstered by rising costs for gas, which make it more profitable for generators to burn dirtier coal to produce power. (Bloomberg) -- The price of polluting across Europe is rising as traders bet generators will keep burning coal instead of expensive natural gas. [Extracted from the article]

"A U.K. only emissions trading system risks exposing U.K. manufacturers to much higher costs than those in other European countries", said Steve Elliott, chief executive officer of the Chemical Industries Association. (Bloomberg) -- Groups representing traders and the biggest industrial and energy companies in the U.K. and Europe called on British Prime Minister Boris Johnson to establish a link between the country's nascent emissions trading program and that run by Brussels. [Extracted from the article]

Issuers should be disclosing their reserves on "a daily basis", said Bill Cannon, head of ETF portfolio management at crypto asset manager Valkyrie. Keywords: %XDT; %XUC; %XUT; 0890888DID; 0899303D; 1624511D; 19963Z; ALLTOP; BON; BUSINESS; COS; ETF; EUROPE; FIN; GOV; INDUSTRIES; MARKETS; TEC; TECSVC; TOP; UK; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN %XDT %XUC %XUT 0890888DID 0899303D 1624511D 19963Z ALLTOP BON BUSINESS COS ETF EUROPE FIN GOV INDUSTRIES MARKETS TEC TECSVC TOP UK WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU As crypto's most traded tokens, stablecoins have ballooned in circulation under a relatively light-touch regulatory regime. Following its fine last year, the issuer said it planned to reduce its commercial paper holdings over time in favor of more liquid assets like US Treasury bills. [Extracted from the article]

The ownership of the Telegraph, a prominent UK newspaper, is currently being contested by various parties. The Barclay family, who have owned the paper for 19 years, want to keep it, but their lender, Lloyds Banking Group, seized it due to unpaid debts. Hedge fund moguls, media barons, and Middle Eastern investors are also vying for control. The auction for the paper has been suspended as the Barclays attempt to regain the assets with Middle Eastern financial backing, and the British government may intervene. The outcome of this battle is significant, as the Telegraph has long-standing ties to the Conservative party and could influence the next party leader. Concerns have been raised about media freedom and potential foreign ownership of the paper. The government may issue a Public Interest Intervention Notice, triggering further scrutiny from regulators. The uncertainty surrounding the ownership of the Telegraph has implications for its editorial independence and the future direction of the paper. [Extracted from the article]

The price of paper in Europe has more than doubled since a year ago, with the cost of newsprint reaching an "all-time high", Reach Plc said Tuesday while releasing its first-half results. (Bloomberg) -- The costs of printing newspapers in the UK soared this year amid paper shortages and spikes in energy prices, prompting the owner of the Mirror and Express tabloids to trim page counts. [Extracted from the article]

(Bloomberg) -- Shrinking populations could actually be good for the world's richest nations, according to a paper that examined the impact of the UK's expected demographic slump and counters conventional wisdom. A study into population decline by David Miles, chief forecaster at the UK's Office for Budget Responsibility, found that "the economic impacts are likely, on balance, to be positive" and "predictions of dire effects are implausible.". [Extracted from the article]

A study into population decline by David Miles, chief forecaster at the UK's Office for Budget Responsibility, found that "the economic impacts are likely, on balance, to be positive" and "predictions of dire effects are implausible." (Bloomberg) -- Shrinking populations could actually be good for people in the world's richest nations, according to a paper that examined the impact of the UK's expected demographic slump. [Extracted from the article]

The U.K. is more vulnerable to financial shocks than most other nations, a Bank of England study concluded, indicating that openness to trade and banking poses some risks. "Openness could be a double-edged sword", the researchers wrote in a paper published in the BOE's quarterly bulletin on Friday. [Extracted from the article]

The UK committee advising on financial law has stated that pension trustees may consider climate change when making investment decisions, addressing concerns that this could be a breach of fiduciary duty. The committee emphasized that trustees are required to make careful decisions and should consider factors such as climate change that may not be reflected in market prices. While the guidance is aimed at pension funds, it is also relevant for legal advisers, investment consultants, fund managers, and insurers. The committee's findings are not legally binding, but ESG investors in the UK have welcomed the announcement and called for their incorporation into financial market regulation and monitoring. [Extracted from the article]

(Bloomberg) -- The UK no longer wants hedge funds to publicly reveal their large short positions in company stocks, which the government says risks copycat trades and short squeezes. Hedge Funds Shorting Stocks Face More SEC Disclosure Rules --With assistance from Nishant Kumar. [Extracted from the article]

U.K. consumers have just one year left to spend about 24 billion pounds ($32 billion) of paper 20- and 50-pound notes as the Bank of England withdraws them from circulation. The notes, which have been superseded by polymer equivalents featuring artist J.M.W. Turner and mathematician Alan Turing, will no longer be accepted in shops after Sept. 30, 2022, the BOE said Wednesday. [Extracted from the article]

(Bloomberg) -- The U.K. government vowed to protect British consumers against the costs of phasing out greenhouse gas emissions after the Times newspaper said ministers have drawn up carbon-cutting plans that would raise the price of heating homes and running cars. The paper said ministers plan to consult later this year on expanding its domestic emissions trading program to cover emissions from heating buildings and fueling vehicles. [Extracted from the article]

(Bloomberg) -- The U.K. government has wasted opportunities to learn how best to close Britain's regional wealth gap, leaving its "leveling up" agenda at risk of failure, the National Audit Office warned. U.K. Wasted Chances to Learn How to "Level-Up", Auditor Says The white paper is a key plank of Boris Johnson's effort to move the political discussion beyond the "partygate" scandal, which has sparked a police investigation into Covid-19 rule breaches at Downing Street. [Extracted from the article]

(Bloomberg) -- U.K. Conservative members of Parliamenturged Prime Minister Boris Johnson to come good on along-held government promise and pass a law cracking downon the use of U.K. property for money laundering. What the Pandora Papers Reveal About Offshore Wealth:QuickTake Just last week, Business Minister Paul Scully gave awritten statement to Parliament saying that the creationof the register "will strengthen our already impressivecontrols", and that legislation would be introduced "assoon as parliamentary time allows.". [Extracted from the article]

The U.K.'s Financial Conduct Authority released a consultation paper on Wednesday outlining an initial approach for how asset managers should label ESG products. Keywords: 0629846DBB; 2630281ZLN; BUSINESS; COS; EUROPE; FIN; GOV; INDUSTRIES; MARKETS; SUSTAIN; UK; WORLD EN 0629846DBB 2630281ZLN BUSINESS COS EUROPE FIN GOV INDUSTRIES MARKETS SUSTAIN UK WORLD Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European Union, creating extra red tape for firms that do business in both jurisdictions. [Extracted from the article]

The U.K.'s Financial Conduct Authority released a consultation paper on Wednesday outlining an initial approach for how asset managers should label ESG products. (Bloomberg) -- Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European Union, creating extra red tape for firms that do business in both jurisdictions. [Extracted from the article]

"Firms are still facing a high cost of doing business, which is whittling down already paper-thin margins due to the inherent fear of passing on further cost to the consumer." (Bloomberg) -- Corporate insolvencies jumped by a fifth as British companies battled inflationary headwinds, higher borrowing costs and squeezed consumers. [Extracted from the article]

The UK Conservative Party set a high bar for candidates to succeed Prime Minister Liz Truss to even get on the ballot paper. Truss said Thursday she was quitting as prime minister after a tumultuous and brief period in office in which she announced an economic package that roiled the financial markets before sacking her finance minister and backtracking on most of her planned tax measures. [Extracted from the article]

(Bloomberg) -- The UK Conservative Party is due to set a high bar for candidates to succeed Prime Minister Liz Truss to even get on the ballot paper. Truss said Thursday she was quitting as prime minister after a tumultuous and brief period in office in which she announced an economic package that roiled the financial markets before sacking her finance minister and backtracking on most of her planned tax measures. [Extracted from the article]

(Bloomberg) -- Developed economies face a world of permanently high interest rates because aging populations will in future create "persistent supply constraints" that keep inflation elevated, according to the Blackrock Investment Institute. The paper he jointly authored said: "The shrinking supply of workers in several major economies due to aging means a low unemployment rate is no longer a sign of the cyclical health of the economy.". [Extracted from the article]

The U.K. is drawing up plans for a 6 billion-pound ($8.1 billion) fund for scientific research, in case it can't gain access to the European Union's own project, according to the Financial Times. Science Minister George Freeman told the paper that the money would be allocated over three years, if Brussels doesn't grant the U.K. associate membership of Horizon Europe. [Extracted from the article]

Graphcore Ltd., a UK microchip maker, is reportedly considering a sale to foreign buyers due to its inability to capitalize on the artificial intelligence boom. The company, based in Bristol, has been in talks with major technology companies to secure funding to cover its increasing losses. Some investors have already increased the value of their stakes in anticipation of a deal worth over $500 million. However, any sale to foreign investors would need to undergo a review by national security officials. [Extracted from the article]

Ministers are also considering bringing in vaccine passports to allow people to enter venues with large crowds, the paper reported. (Bloomberg) -- The U.K. government is drawing up plans to urge Britons to work from home to stem the spread of Covid as the new omicron variant takes hold, the Daily Telegraph reported on Wednesday, without saying where it obtained the information. [Extracted from the article]

Keywords: 0629846DBB; 2630281ZLN; BUSINESS; COS; EUROPE; FIN; GOV; INDUSTRIES; MARKETS; SUSTAIN; UK; WORLD EN 0629846DBB 2630281ZLN BUSINESS COS EUROPE FIN GOV INDUSTRIES MARKETS SUSTAIN UK WORLD Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European Union, creating extra red tape for firms that do business in both jurisdictions. The U.K.'s Financial Conduct Authority released a consultation paper on Wednesday outlining an initial approach for how asset managers should label ESG products. [Extracted from the article]

Goldman Sachs Group Inc. called on the U.K. to relax capital rules for retail banking introduced in the aftermath of the global financial crisis, the Mail on Sunday reported. Concerns of breaching the 25 billion-pound threshold could delay Goldman's launch of checking accounts in the U.K. through its retail brand Marcus, a source told the paper. [Extracted from the article]

(Bloomberg) -- Former U.S. Food and Drug Administration Commissioner Scott Gottlieb called for "urgent research" into a mutation of the delta variant -- known as delta plus -- following a surge in Covid-19 cases in the U.K. "We need urgent research to figure out if this delta plus is more transmissible, has partial immune evasion", Gottlieb said in a tweet. A German paper out earlier this month found while both delta and delta plus infect lung cells more efficiently than the original coronavirus strain, delta plus doesn't appear to be significantly more dangerous than delta. [Extracted from the article]

Cruddas held stock worth about 694 million pounds prior to the update, according to data compiled by Bloomberg. (Bloomberg) -- CMC Markets Plc boss Peter Cruddas saw the value of his stake on paper drop by as much as 206 million pounds ($284 million) on Thursday following a share price plunge for the retail trading firm he founded. [Extracted from the article]

UK ministers are expected to announce plans for a financial package to support Northern Ireland's public finances. Analysts estimate that Northern Ireland may require at least £1 billion ($1.25 billion) in additional funding to achieve stability. The discussions will address the amount of funding needed and the conditions that may be attached to the package. These talks are separate from negotiations between the UK government and the Democratic Unionist Party. [Extracted from the article]

This article discusses various topics related to the UK, including the return of the TV show Doctor Who and its economic impact, the timing of a general election, potential tax cuts, and the battle for control of the Telegraph newspaper. It mentions the split between the UK's forecasting bodies regarding tax breaks and the impact on consumers' cost of living. The article also highlights the importance of the Telegraph's ties to the Conservative Party. Additionally, it briefly mentions consumer spending habits and features some unrelated weekend reading suggestions. [Extracted from the article]

The agency is concerned that Adobe's deal may reduce competition in the all-in-one screen design software market and the creative design market. (Bloomberg) -- The UK probe into Adobe Inc.'s $20 billion takeover of Figma Inc. was extended after the antitrust watchdog said it needed more time to look at new submissions from the companies. [Extracted from the article]

(Bloomberg) -- The UK probe into Adobe Inc.'s $20 billion takeover of Figma Inc. was extended after the antitrust watchdog said it needed more time to look at new submissions from the companies. While Adobe has introduced less-expensive, streamlined products for that audience, most of its offerings are still heavyweight programs aimed at specialists. [Extracted from the article]

However, Stuart also said that the government will be launching a consultation to tighten up sustainability criteria for biomass. (Bloomberg) -- The UK government said it will continue to support biomass energy, while it consults on toughening up the sustainability criteria for the industry in a bid to ensure it meets net zero goals. [Extracted from the article]

(Bloomberg) -- The UK is planning to allow local councils to double property taxes for second-home owners to help finance the construction of more affordable housing in the country, The Telegraph newspaper reported. The opposition Labour party has also also pledged tighter measures for second-home owners. [Extracted from the article]

(Bloomberg) -- The UK government wants to get rid of European Union restrictions on the short-selling of UK government bonds, part of a broader post-Brexit divergence from the bloc. The UK is consulting separately on EU-era rules around short-selling in equities. [Extracted from the article]

The watchdog said it will also engage with the Department for Business and Trade to support a review of whistleblower legislation. (Bloomberg) -- Britain's markets watchdog is aiming to improve its procedures for finance workers who report on suspected wrongdoing after finding that some whistleblowers didn't feel listened to enough and perceived the regulator as reluctant. [Extracted from the article]

(Bloomberg) -- Surging Covid cases in the U.K. have leftthe country behind the rest of Europe with former U.S.Food and Drug Administration Commissioner Scott Gottliebcalling for urgent research into a mutation known asdelta plus. A German paper out earlier this month foundwhile both delta and delta plus infect lung cells moreefficiently than the original coronavirus strain, deltaplus doesn't appear to be significantly more dangerousthan delta. [Extracted from the article]

(Bloomberg) -- The U.K. is considering relaxing rules around the use of artificial intelligence in its post-Brexit data regime, a move that would mark a break from the European Union. The right to a human review is covered by Article 22 of the EU's data protection regime, which was transposed into U.K. law after Brexit. [Extracted from the article]

Global Vaccines Reach 202 Million (9:46 a.m. HK) More than 202 million vaccine doses have been administered around the world, according to data compiled by the Bloomberg Vaccine Tracker, just over two months after the first shots went into arms. According to the paper, in a cabinet meeting on Monday, the newly appointed Italian government will follow the example of Boris Johnson's government and proceed with mass vaccinations using all available doses, without setting aside some for second shots. The U.S. is poised to reach 500,000 Covid-19 deaths, almost a year after the first was reported. [Extracted from the article]

Keywords: 0635141DLN; CNA@LN; ALLTOP; BUSINESS; CLIMATE; CMD; CONS; COS; ELC; EUROPE; GOV; INDUSTRIES; LAW; MARKETS; NRG; RET; STK; TOP; UK; UTI; WORLD EN 0635141DLN CNA@LN ALLTOP BUSINESS CLIMATE CMD CONS COS ELC EUROPE GOV INDUSTRIES LAW MARKETS NRG RET STK TOP UK UTI WORLD Centrica Plc, the U.K.'s biggest energy supplier, fell to a seven-month low after the government announced plans to extend its price cap on the most expensive energy tariffs beyond 2023. The price cap has seen negative margins for many energy suppliers, exacerbated by some aspects of the current market design, the government said in the strategy paper. [Extracted from the article]