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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: 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: Sony Music, Royal Mail, house prices
(Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - Guardian
Wednesday newspaper round-up: Ryan Salame, Ocado, Shell
(Sharecast News) - The next government should force all tradespeople who install home heat pumps, solar panels and insulation to sign up to a mandatory accreditation scheme to counter mistrust in the industry, a leading consumer group is demanding. A report from Which? found that households face "significant anxiety" in choosing tradespeople to fit low-carbon heating systems, such as heat pumps, and insulation after "press stories about poor work and rogue traders". - Guardian
Tuesday newspaper round-up: Ofwat, Facebook, Deutsche Bank
(Sharecast News) - Ofwat is poised to refuse most water companies' requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned. The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector. - Guardian
Sunday newspaper round-up: Natwest, Shein, Nationwide
(Sharecast News) - NatWest may not be selling shares to the public any time soon following the prime minister's decision to call an election on 4 July. The Treasury has said that an offer will not occur during the election period and Labour has not confirmed whether it would revive plans for the sale should it win. The sale had been expected to take place in June. - The Sunday Times

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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