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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.

Thursday newspaper round-up: National Lottery, Mike Lynch, Morrisons

(Sharecast News) - The Czech billionaire whose company takes over running the UK national lottery from Thursday is still in business with the Kremlin-owned gas company Gazprom, nearly two years after promising regulators he would sever ties with Russia. The Gambling Commission awarded Allwyn the lucrative 10-year licence to run the lottery, estimated to be worth up to £100bn in sales, in March 2022. - Guardian Mike Lynch, the technology tycoon once lauded as the UK's answer to Bill Gates and now facing criminal fraud charges in the US, is suing the Serious Fraud Office. Lynch, who was extradited to the US last year to face trial over allegations he duped Hewlett-Packard into overpaying when it struck an $11bn (£8.6bn) deal to buy his software firm Autonomy in 2011, has filed a data protection claim against the SFO in the high court in London. - Guardian

A senior member of the Barclay family faces a petition from a leading private bank to declare him personally bankrupt, in the latest legal drama for the owners of The Telegraph. According to High Court documents, Alistair Barclay, 34, is alleged to be in default on £946,754 of borrowing from Investec, which only offers bank accounts to individuals with net wealth of more than £3m. - Telegraph

The new boss of Morrisons has started to invite shoppers to board meetings and has been holding customer "round tables" in stores as part of a plan to "re-energise and reshape" the troubled supermarkets chain. Rami Baitiéh, who joined as chief executive in November, admitted that Morrisons had "not been on peak form" since the pandemic and said he would reveal his new strategy for the business in March. - The Times

The competition regulator has started an investigation into a drugs company formerly run by the brother of Nasser Hussain, the ex-England cricket captain, over its supply of iron deficiency treatments to NHS patients. The Competition & Markets Authority said it was investigating suspected anti-competitive conduct by Vifor Pharma. - The Times

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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.

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