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.

Monday newspaper round-up: Airport workers, supercars, National Grid

(Sharecast News) - More than two in five airport workers are considering quitting, research suggests, which could escalate delays already seen at terminals due to low staffing numbers. A survey of 1,700 workers by the UK jobs site CV-Library found reasons for wanting to leave the industry included wanting better pay and less stress. However, only 5% of respondents blamed the current situation at UK airports, where there have been long delays in recent months. - Guardian

Wealthy people in the UK are splashing out on more luxury supercars than ever before, official figures show. More than 18,000 supercars - such as Ferrari, Bugatti, Aston Martin, Maserati and Koenigsegg models - were registered at UK addresses in 2021, a 19% increase on 2020. Prices range from hundreds of thousands to more than £1m each, but concerns about the economy and the cost of living crisis for people on more modest incomes has done nothing to dampen enthusiasm for the trophy vehicles. - Guardian

National Grid was forced to issue an emergency appeal to Belgium to keep Britain's lights on as the market was roiled by surging prices ahead of a looming winter crisis. The power network's electricity system operator (ESO) issued an emergency instruction to operators of the Nemo cable running between Belgium and the UK to make sure supplies were sent to Britain last week, after failing to secure enough in the normal market. - Telegraph

Britain's next prime minister must accelerate the pursuit of trade deals to prevent a further sharp rise in costs as global supply chains are overhauled, according to the country's leading business group. Tony Danker, director-general of the CBI, warned that the West's shift away from countries including Russia and China risked becoming "incredibly expensive" for consumers as companies stopped sourcing goods from the "cheapest and most economically efficient" markets. - The Times

The number of jobs being advertised offering bonuses has more than doubled since the start of last year, as employers seek to fill staff shortages without committing to inflation-proof pay rises. Mounting concerns that the UK is headed into an economic downturn have led companies to contain costs while trying to attract talent amid record levels of vacancies. - 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.