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: 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

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.