Wednesday newspaper round-up: Fracking, Netflix, HSBC

by | Oct 19, 2022

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Fracking caused an earthquake every day at the UK’s only active site at Preston New Road in Lancashire, analysis has found. Between 2018 and 2019, the site near Blackpool was responsible for 192 earthquakes over the course of 182 days , according to analysis of House of Commons Library data by the Liberal Democrats. – Guardian
The number of people who aren’t working because of caring commitments is the highest since May 2020, with the last year marking a sustained increase in stay-at-home parents and carers after three decades of decline, new analysis from the Guardian reveals. The figures are a stark warning that at a time of record employment vacancies and skills shortages, families are being “priced out and shut out of work”, said Labour’s deputy leader, Angela Rayner. – Guardian

Netflix has added subscribers for the first quarter in three to halt the streaming decline trigged by the cost of living crisis. Paid subscribers using the service rose to by 2.4m to 223.1m in the third quarter of 2022. Revenues grew 6pc year-on-year to $7.9bn (£7bn). Shares rose 15pc in after hours trading in New York as investors cheered the unexpectedly strong results. – Telegraph

The boss of Goldman Sachs warned yesterday that there was a “good chance” of recession in the United States and confirmed an overhaul of the bank’s structure after its profits almost halved. A robust rise in sales from its bond trading division helped partially to offset a 57 per cent drop in revenue from investment banking amid a sharp slowdown in global dealmaking. – The Times


HSBC misled consumers with its bus-shelter posters proclaiming its green credentials at the time of the global climate-change summit last autumn, the advertising regulator has ruled. Britain’s biggest banking group “omitted material information”, the Advertising Standards Authority has judged, ordering HSBC not to show the ads again. – The Times

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