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Monday newspaper round-up: JCB, ULEZ, mobile 'not spots'

(Sharecast News) - The influential Tory donors behind the JCB digger empire could be hit with a bill for more than £500m to settle a longrunning investigation by HM Revenue and Customs, the Guardian can reveal. The investigation into Anthony Bamford, a Tory peer, and his brother Mark, the director of a subsidiary of the Conservative party, is understood to span a complex network of offshore tax havens and companies. - Guardian Thousands of fines for breaches of London's ultra-low emissions zone (Ulez) rules may have been sent unlawfully to drivers of EU-registered vehicles, Belgian authorities claim. The Belgian ministry for transport has ordered an investigation into alleged criminal breaches of data rules after motorists received penalty charge notices from a collections agent acting for Transport for London (TfL). - Guardian

A Government promise to improve mobile coverage in rural areas has been dealt a major setback after network operators warned they will not meet a key deadline. Vodafone, Three and Virgin Media O2 have asked the Government for a delay of up to two years to complete the first stage of the Shared Rural Network (SRN). - Telegraph

Big banks have been accused of giving small businesses "an incredibly poor deal" by offering them less interest on their cash than bigger companies. In a letter to the Treasury Select Committee, Richard Davies, chief executive of Allica Bank, claimed small and medium-sized enterprises (SMEs) should be receiving an extra £7.5bn of interest per year on their deposits. - Telegraph

A parliamentary group that promotes sustainable and ethical business practices is funded by companies that have paid billions of pounds in fines and compensation for fraud, tax and environmental failings. The all-party parliamentary group on environmental, social and governance has received hundreds of thousands of pounds from funders, including KPMG, the accounting group, BAE Systems, the defence manufacturer and Bayer, the drugs multinational. - The Times

The rising costs of raw materials and disrupted supply chains are threatening to derail the winter "golden quarter" for medium-sized businesses in Britain. Companies are concerned about the possibility of suppliers collapsing or of being unable to provide enough basic materials for production. - The Times

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Monday newspaper round-up: Manufacturers, landlords, Blackstone
(Sharecast News) - The UK's tax authority has not fined a single "enabler" of offshore tax evasion or noncompliance in five years, despite landmark powers to impose huge fines. Tory ministers claimed new laws introduced in 2017 allowed HM Revenue and Customs (HMRC) to pursue accountants, lawyers and bankers who facilitate offshore tax evasion would "create a level playing field", with potential fines of several millions of pounds. - Guardian
Sunday newspaper round-up: Hargreaves Lansdown, Crest Nicholson, Michael Kors
(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
Sunday share tips: Oxford Instruments
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
Friday newspaper round-up: Insecure work, Stellantis, Nationwide
(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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