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Tuesday newspaper round-up: Customer service complaints, floating windfarms, Halifax

(Sharecast News) - Customer service complaints have hit their highest level on record and are costing British businesses more than £9bn a month in lost staff time, research has found. As firms struggle to cope with global supply issues and a staffing crisis, the Institute of Customer Service found more consumers were experiencing service issues than at any point since its customer satisfaction index began in 2008. - Guardian

Floating windfarms could be built off the coasts of Cornwall and Pembrokeshire after the Queen's property manager identified a clutch of sites in the Celtic Sea that could host them. The crown estate, which generates money for the Treasury and the royal family, has published five "areas of search" that will be narrowed into development plots to host wind power generation. - Guardian

Boris Johnson must give approval for a pioneering Rolls-Royce mini nuclear reactor project in the next six months or risk delaying a project vital to his green energy revolution, the company has warned. Rolls will be unable to meet a target of deploying its first reactor by 2029 unless ministers place an order before the end of the year according to Tom Samson, the project's chief executive. The company's small modular reactors (SMRs) are expected to play a key part in the Prime Minister's plans for an energy revolution. - Telegraph

A furore about the use of pronouns on staff badges at Halifax has failed to result in a customer exodus, The Times has learnt. Halifax became embroiled in a row last week after it said on social media that customers who disagreed with its policy of allowing employees to display their chosen pronouns were free to close their accounts. - The Times

More than one in three UK company directors disqualified over a two-month period had abused the government's coronavirus loan or job support schemes, according to an analysis of official data. The Insolvency Service banned 37 directors in April and May for fraudulent claims. The disqualifications represented almost 35 per cent of the directors struck off and compares with 140 directors who were banned for abuse of Covid schemes in the year to the end of March: 17 per cent of the total. - 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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