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Friday newspaper round-up: Working from home, tech giants, Hinkley Point

Fri 31 July 2020 07:25 | A A A

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(Sharecast News) - A slew of England's biggest businesses are set to defy the government's push to get workers back into offices in August, a Guardian analysis shows, with many big businesses sticking to home working arrangements or delaying a partial return until September at the earliest. Law firms, insurers, energy providers and tech firms are among those reacting cautiously to the change in government advice, which means from Saturday employers can decide whether staff can safely come back to offices. Some companies, such as Google and NatWest Group, are allowing workers to stay at home until 2021 amid signs of a permanent shift in working culture. - Guardian

Sky has reported a $750m (£575m) plunge in revenues as more than 200,000 customers switched off in the three months to the end of June while key programming such as Premier League football was off air during the coronavirus pandemic. Sky, which is owned by US pay-TV giant Comcast, reported a 15.5% year on year fall in revenues from $4.8bn to $4bn in the period as coronavirus impacted sports fixtures, subscriber viewing and advertising. - Guardian

Silicon Valley giants Amazon, Apple and Facebook enjoyed a dramatic boom during the worst months of the pandemic, posting rises in quarterly profits last night that will add fuel to claims they are becoming too dominant. Shares in the companies jumped in after-hours trading as they revealed that rises in online shopping and internet use during lockdowns meant soaring revenues in the three months to the end of June, despite wider economic pain. - Telegraph

The Covid-19 pandemic is threatening delays and further cost increases in the construction of the Hinkley Point C nuclear plant, the developer EDF has warned. A slowdown in work at the Somerset site has increased the risk that Britain's first new nuclear plant in a generation will not be ready to generate power by December 2025 as planned, the French energy giant said. - The Times

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