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Wednesday newspaper round-up: NI hike, Amazon, Mumsnet

(Sharecast News) - Business groups reacted with dismay to the government's national insurance hike and surcharge on dividend income to boost health and social care spending from next April, calling it a tax on jobs and a blow to the economic recovery. The British Chamber of Commerce (BCC) said the extra financial burden from higher tax charges ignored the damage suffered by thousands of small businesses over the last 18 months. - Guardian Amazon's key UK business paid just £3.8m more corporation tax last year than in 2019, even as sales increased by £1.89bn. Accounts filed at Companies House this week show that the corporation tax contribution of Amazon UK Services - the group's warehouse and logistics operation, thought to employ the majority of the group's UK workforce - was £18.3m in the year to December 2020, up 26% from £14.5m a year before. - Guardian

Water companies have been allowed to cut back on sewage treatment chemicals after they became the latest victims of the UK's supply chain disruption. The Environment Agency told water companies that it was authorising "a temporary reduction in the dosage used to treat waste water". - Telegraph

Britain's best known parenting website has made its first acquisition in its 21-year history with the takeover of Mush, an app developed to help new mothers meet up in person. Mush was launched in 2016 by Katie Massie-Taylor, 38, and Sarah Hesz, 39, who met in a children's playground in Barnes, west London and came up with the idea of how to make it easier for new mothers to meet. The business was named after "what mums' brains sometimes feel like, what babies eat and an old slang term for friend". - The Times

Employers planned to make the fewest job cuts for seven years last month, suggesting that the end of the furlough scheme will not trigger a sharp rise in unemployment. Figures show that 12,687 jobs were earmarked for redundancy in August, down 11 per cent since July, according to the Insolvency Service. - 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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