Skip Header
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.

Friday newspaper round-up: UK shoppers, Heathrow, Frasers

(Sharecast News) - As the cost of living crisis builds up UK shoppers are slashing their budgets in almost all areas. But there is a notable exception - the money spent on clothing is above pre-pandemic levels, the return of weddings, holidays and socialising fuelling a boom in "revenge spending" or buying those treats missed over months of pandemic lockdowns. Shoppers are forking out almost a fifth more on clothing than last year, research from Kantar for the Guardian has found, taking the value 1% ahead of the 2019 figure. - Guardian Ministers have issued an ultimatum to the chief executive of Heathrow, calling on him to provide a plan to resolve the airport's staffing problems, it has been reported. John Holland-Kaye has until midday on Friday to assure ministers that the airport has sufficient workers for security screening and to assist disabled passengers, according to a letter from the Department for Transport's (DfT) director general for aviation, maritime and security and the chief executive of the Civil Aviation Authority (CAA) seen by the Daily Telegraph. - Guardian

Mike Ashley's Frasers has banned staff from working from home on Fridays after some employees were caught posting too often on social media. The retailer, which owns Sports Direct and House of Fraser, has ended its flexible Friday policy and asked staff to be in the office all week. An internal memo, sent by the company's operating chief, said "Frasers Friday" had become "an unproductive day of the week", the Sun first reported. - Telegraph

Homeowners with solar panels are missing out on hundreds of pounds due to rules that let energy companies underpay them for power. After months of rocketing electricity prices, a three-bedroom household with solar panels should now be able to make more than £400 a year by selling spare solar power to the grid. But under the export tariffs offered by some energy companies, they would receive as little as £22, analysis shows.- Telegraph

Europe may have to ration energy this winter if Russia cuts off the gas while Britain will also face "really, really high prices", senior energy leaders have warned. The bosses of Shell and National Grid's electricity system operator (ESO) both issued stark warnings about the bleak winter ahead, after President Putin threatened that sanctions could result in catastrophic consequences for energy markets. - The Times

Share this article

Related Sharecast Articles

Thursday newspaper round-up: JCB, M&S, smart meters
(Sharecast News) - The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin's invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had "voluntarily paused exports" to Russia. - Guardian
Wednesday newspaper round-up: Brexit border outages, Boeing, Stellantis
(Sharecast News) - Lorries carrying perishable food and plants from the EU are being held for up to 20 hours at the UK's busiest Brexit border post as failures with the government's IT systems delay imports entering Britain. Businesses have described the government's new border control checks as a "disaster" after IT outages led to lorries carrying meat, cheese and cut flowers being held for long periods, reducing the shelf life of their goods and prompting retailers to reject some orders. - Guardian
Tuesday newspaper round-up: Tesco, OpenAI, housebuilding
(Sharecast News) - Tesco is facing criticism from "shocked" charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening. The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their best before date, only in the evening when a store is closing rather than the following morning, the charities have claimed. - Guardian
Monday newspaper round-up: BT, ultra-long mortgages, Fever-Tree
(Sharecast News) - BT has said it is increasingly using artificial intelligence to help it detect and neutralise threats from hackers targeting business customers amid repeated attacks on companies. The £10.5bn group is aiming to build up its business protecting customers from online criminals and has patented technology that uses AI to analyse attack data to allow companies to protect their tech infrastructure. British businesses are routinely facing hacking attempts, and some recent high-profile victims have included including the outsourcer Capita, Royal Mail and British Airways. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.