Tuesday newspaper round-up: Co-op, Revolut, HSBC, Amazon
By Michele Maatouk
Date: Tuesday 24 Jun 2025
(Sharecast News) - Co-op staff have accused the supermarket of putting their safety and security at risk by having too few people on duty - with some saying they have been threatened while working alone on the shop floor. Despite a surge in theft, many report being left alone to pack online orders and manage self-checkouts and tills in some small stores. In larger outlets, staff say they can be left in the same position when a colleague takes a break or is managing deliveries. - Guardian
Revolut's chief executive and founder Nik Storonsky could be in line for a multibillion-dollar fortune after he reportedly negotiated an Elon Musk-style deal that hinges on him pushing the fintech company's valuation past $150bn (£112bn). The former Lehman Brothers trader, who established Revolut in 2015, is said to have secured a lucrative deal that hinges on the company nearly tripling in value, having last been estimated at $45bn. - Guardian
Electric car owners should pay higher electricity bills for charging their cars at peak times, the Resolution Foundation has said. The think tank said electric vehicle (EVs) owners should be charged more for plugging in their cars in the evenings to encourage them to charge overnight instead. - Telegraph
HSBC's post-pandemic downsizing of its London office means its workers will be able to find a desk only one-and-a-half days a week, leaving the lender's board with a big, and potentially costly, decision to make over the summer. Europe's largest bank, which emerged as the flag-bearer for the office downsizers during lockdown, will decide over the coming weeks whether to acquire more desk space for its teams in the UK, as well as India and China. - The Times
Amazon will invest £40 billion in Britain over the next three years, including building four robotic fulfilment centres and refurbishing its film studios in Berkshire. The East Midlands will host one of the high-spec warehouse sites, there are two centres being planned for Northampton and Hull, which the company had already announced, and the location of the fourth warehouse has yet to be decided. - The Times
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