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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.

Wednesday newspaper round-up: Just Eat, energy suppliers, Amazon

(Sharecast News) - The takeaway company Just Eat is planning to open a customer service site in north-east England, which will employ 1,500 people as it brings jobs back from India and Bulgaria. The business said that it would invest £100m in the region over the next five years, with staff working partly from home and partly from its new Sunderland-based office. - Guardian Several UK energy suppliers have said they will raise the price of their standard gas and electricity tariffs to the maximum limit set by the energy regulator for the coming winter. Ofgem's price cap will climb to its highest level since it was introduced in early 2019 owing to a surge in global gas market prices. The regulator said that for 11 million households who pay by direct debit, energy bills would increase from an average of £1,138 a year to £1,277 from October. - Guardian

Amazon is paying new warehouse recruits a £1,000 bonus in an effort to win workers amid a mounting UK hiring crisis. The US tech giant is advertising for "urgently needed" warehouse staff for its sites across the UK, including Darlington, Dartford, Swansea, Redditch and Coventry. Amazon is the latest company to introduce new joiner bonuses as UK companies struggle with staff shortages caused by a combination of Brexit, the coronavirus and self-isolation rules. - Telegraph

Lord Rose of Monewden, the former boss of Marks & Spencer, has been lined up as chairman of Asda as it searches for a replacement chief executive. Rose, 72, is being considered by the Issa brothers, owners of Asda, after the abrupt departure this month of Roger Burnley as chief executive. Rose is already chairman of EG Group, the brothers' petrol station business, after it moved to allay concerns about its corporate governance earlier this year. - The Times

Sales of Tesla electric cars topped £1 billion in Britain last year. The latest filings at Companies House of Tesla Motors Ltd, the UK distributor, show revenues for 2020 of £1.14 billion. On that it reported a pre-tax profit of £14.5 million, up from £5.1 million in 2019 when revenues were £559 million. It paid tax of £2.7 million in 2020. - 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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