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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Wednesday newspaper round-up: Avanti West Coast, British exporters, SoftBank

(Sharecast News) - Northern political and transport leaders have called on the UK government to urgently review Avanti West Coast's operations amid a renewed surge in intercity rail cancellations and delays. The intervention came as it emerged that morale at the train operating company has plummeted to the point where only 3% of staff say they feel valued, according to an internal Avanti survey seen by the Guardian. - Guardian Almost two-thirds of British exporters have said selling to the EU has become harder in the past year, according to the British Chambers of Commerce, which is calling on the government to do more to smooth trade frictions post-Brexit. Three years on from Boris Johnson signing the Trade and Cooperation Agreement (TCA) with the EU, the small businesses which make up much of the BCC's membership are still struggling to negotiate trade barriers. - Guardian

The chief executive and owner of Arm met Jeremy Hunt in Downing Street on Tuesday as regulators unveiled reforms that could encourage the semiconductor giant to pursue a secondary listing in London. Rene Haas, the chief executive of the Cambridge microchip designer, and Masayoshi Son, the head of its majority shareholder SoftBank, were seen leaving Number 11 on Tuesday morning. - Telegraph

Journalists at the Financial Times are demanding a minimum starting salary of $80,000 (£63,000) in a dispute over pay. The newspaper's American union is locked in discussions with bosses amid concerns that current wages are not "anywhere close" to livable. Under current plans, the FT's US-based staff have been offered a minimum wage of $60,000. - Telegraph

Pressure is mounting on the deputy prime minister to intervene on national security grounds in the Abu Dhabi-backed bid to buy the Telegraph newspapers. Conservative MPs have demanded that Oliver Dowden use the National Security and Investment Act to investigate the United Arab Emirates' takeover. However, it is understood that the Cabinet Office is not expected to issue a call-in notice on the acquisition imminently, despite an American intervention in a UAE purchase of Fortress Investment Group, of the United States. - 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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