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Thursday newspaper round-up: Virgin Atlantic, workplace lawsuits, Just Eat

(Sharecast News) - The UK's biggest electricity distribution business has agreed to pay £14.9m after its support for vulnerable customers during power cuts was deemed "totally unacceptable". The energy regulator said National Grid's Western Power Distribution (WPD) did not provide proper support to 1.7 million customers during the outages. An Ofgem investigation, launched in 2020, found that WPD had failed customers in a number of areas including not carrying out criminal record checks for all staff visiting customers' homes. - Guardian A Virgin Atlantic flight to New York was forced to return to Heathrow after bosses discovered that one of its pilots had not completed their training. Virgin Atlantic, majority-owned by billionaire businessman Sir Richard Branson, apologised for the disruption to passengers and blamed a "rostering issue". It said internal training protocols, rather than UK aviation or safety regulations, had been breached. - Telegraph

Workplace lawsuits including the word "banter" have shot up by 45pc in a year as former colleagues clash over what they deem to be acceptable office humour. The number of employment tribunal claims relating to "banter" as a justification for alleged discrimination rose from 67 in 2020 to a record 97 in 2021, according to research by law firm GQ Littler. - Telegraph

The chairman of Just Eat Takeaway resigned before the food delivery group's annual meeting yesterday after acknowledging shareholders' concerns at the way the company has been run. Adriaan Nuhn's abrupt exit came as the supervisory board withdrew the vote for the re-election to the management board of Jörg Gerbig, 41, the company's chief operating officer, amid a complaint about his personal conduct. - The Times

Construction companies are struggling to keep up with growing workloads amid the surge in materials costs and a shortage of skilled labour. Almost every contractor, builder and developer surveyed in the latest Global Construction Monitor from the Royal Institution of Chartered Surveyors said that availability of materials was a "major constraint to current activity". - 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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