Wednesday newspaper round-up: Eurostar, water companies, JP Morgan
By Michele Maatouk
Date: Wednesday 22 Oct 2025
(Sharecast News) - Eurostar is to start running doubledecker trains through the Channel tunnel to meet growing demand for international rail travel from the UK. The rail operator announced it had signed a €2bn (£1.7bn) deal for at least 30 - and up to 50 - new trains from the manufacturer Alstom. The doubledeckers will start operating from 2031, with each able to carry more than 1,000 passengers. - Guardian
Water companies in England could face more, and automatic, fines for sewage dumping under new Environment Agency powers. The government is consulting on allowing the regulator to use a lower, civil, standard of proof instead of the higher criminal standard, for minor to moderate environmental offences. - Guardian
The struggling operator of the National Lottery was awarded the lucrative licence, despite a "fundamental flaw" in its bid, the High Court has heard. Ron Pearson, an official charged with evaluating bids for the National Lottery, raised concerns about the revenue forecasts presented by Allwyn, which is controlled by the Czech billionaire Karel Komárek. - Telegraph
In Jamie Dimon's ideal world, JP Morgan workers would never leave the office. At the Wall Street bank's new $3 billion global headquarters, which officially opens on Tuesday, they might not have to. The 60-storey "fortress" at 270 Park Avenue, which will house 10,000 bankers, offers staff an "unparalleled range of venues and leisure activities", according to its designer, Lord Foster. - The Times
Netflix has missed Wall Street expectations for quarterly results after an unexpected bill from a tax dispute hit profits. The California-based streaming company, which was founded in 1997 as a DVD postal service, said that it failed to meet its own operating margin guidance for the third quarter owing to costs related to a continuing dispute with Brazilian tax authorities. - The Times
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