Thursday newspaper round-up: Inflation target, Amazon, Abcam
Sharecast
Published Oct 19, 2023 08:21
Thursday newspaper round-up: Inflation target, Amazon, Abcam
Sharecast - Amazon (NASDAQ:AMZN) is experimenting with a humanoid robot as the technology company increasingly seeks to automate its warehouses. It has started testing Digit, a two-legged robot that can grasp and lift items, at facilities this week. The device is first being used to shift empty tote boxes. – Guardian
Jeremy Hunt is poised to overhaul how the pensions triple lock is calculated in a move that is expected to save the Treasury £900m a year. In his Autumn Statement next month, the Chancellor is expected to announce that the payout to retirees will rise in line with regular wages at 7.8pc, rather than the 8.5pc surge in total pay when bonuses are taken into account. – Telegraph
The bosses of Abcam, the Cambridge-based biotech firm, are set to receive payouts of $28.8 million on completion of a takeover by the US medical conglomerate Danaher (NYSE:DHR). Alan Hirzel, chief executive, and Michael Baldock, finance chief, are on course to receive $19.2 million and $9.6 million respectively from an incentive scheme if shareholders accept the $5.7 billion bid. – The Times
The UK is on track to lose out on £98 billion of economic growth by 2030 because of an anticipated shortage of 250,000 tradespeople. Net zero targets are increasing demand but young people do not feel encouraged consider such careers, according to a survey from Kingfisher (LON:KGF). – The Times
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