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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: Online slot machines, Vauxhall, Body Shop

Thu 22 Feb 2024 07:31

(Sharecast News) - The government is set to impose new limits of as little as £2 a spin for online slot machines, the Guardian understands, in a move that could cost casino companies hundreds of millions of pounds. Ministers have been consulting on imposing a maximum stake for the digital casino-style games since publishing a white paper on gambling reform last year. - Guardian Vauxhall's owner, Stellantis, will make electric vans at its factory in Luton from 2025, helping to secure the future of 1,500 UK jobs at the plant. The Luton factory will produce medium-sized electric vans for the Vauxhall, Citroën, Peugeot and Fiat Professional brands, Stellantis announced on Thursday. - Guardian

Taxpayers will be forced to pay millions of pounds to sacked staff at The Body Shop as administrators oversee a drastic restructuring of the collapsed chain. Employees at the company have been told to make claims through the government-backed redundancy payments service if they are laid off. This is funded using National Insurance contributions. - Telegraph

Nvidia Corporation forecast first-quarter revenue above estimates last night, banking on huge demand for its industry-leading artificial intelligence chips and improving supply chain dynamics. The company, based in Santa Clara, California, estimated current-quarter revenue of $24 billion, plus or minus 2 per cent, compared with expectations of $22.2 billion. - The Times

Investment bankers made an "unrealistic" and "inappropriate" $1 billion cash demand on the Frasers Group partly out of snobbery towards the retailer's owner Mike Ashley, a court has been told. Lawyers told a High Court judge on Wednesday that senior executives at Morgan Stanley wanted the group off its books because Ashley - the former owner of Newcastle United FC - was viewed as an "upstart". - The Times

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Related Sharecast Articles

Thu 16 May 2024 07:22
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
Wed 15 May 2024 07:17
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
Tue 14 May 2024 07:10
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
Mon 13 May 2024 07:21
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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