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Newspaper and press round ups

Tuesday newspaper round-up: Oasis fans, house prices, Future

By Michele Maatouk

Date: Tuesday 05 Nov 2024

LONDON (ShareCast) - (Sharecast News) - The $1m-a-day voter sweepstakes that Elon Musk's political action committee is hosting in swing states can continue through Tuesday's presidential election, a Pennsylvania judge ruled on Monday. The common pleas court judge Angelo Foglietta - ruling after Musk's lawyers said the winners are not chosen by chance - did not immediately give a reason for the ruling. - Guardian
Oasis fans who have fallen victim to ticket scammers have lost £346 each on average, according to a high street bank's analysis of its own data. Lloyds Bank said fans desperate to buy tickets to the Manchester band's UK reunion shows next year had been hit by a "landslide" of scams, with more than 90% of cases starting with fake adverts and posts on social media. It said an analysis of scam reports made by customers of Lloyds Banking Group - including those with Lloyds, Halifax and Bank of Scotland, and where Oasis was referenced as part of the claim - showed "hundreds" of people said they had been defrauded. - Guardian

House prices in Britain are set to grow almost twice as fast as inflation in the next five years and outpace wages, forecasts suggest, in a blow to Sir Keir Starmer's ambitions to boost the number of affordable homes. House prices are expected to surge by 20pc between now and 2029, according to the latest residential forecast from property firm JLL. That uptick would outpace a 11.6pc rise in consumer price inflation predicted for the same five-year period by the Office for Budget Responsibility (OBR), and a 14pc increase in wages predicted by Oxford Economics. - Telegraph

Investors ditched nearly £1 billion from funds focused on UK stocks last month as they tried to book profits before Rachel Reeves increased capital gains tax in the budget. Researchers at Calastone, the largest global funds network, found that stock sell orders rose by 36 per cent in the month to October 29 to a record £17 billion, suggesting that investors tried to crystallise profits to avoid paying more tax on them. - The Times

The veteran entrepreneur Sir Peter Wood, one of the largest shareholders in Future, is seeking to oust the chairman of the £1 billion publisher behind Marie Claire after the abrupt resignation of its chief executive. Shares in Future tumbled by almost a fifth last month when the FTSE 250 company unsettled investors by announcing that Jon Steinberg, 47, was stepping down as chief executive to return to the US only 18 months after taking on the role. - The Times

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