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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.

Monday newspaper round-up: Housebuilders, Ryanair, John Lewis

(Sharecast News) - Britain's biggest housebuilders privately lobbied for the government to ditch rules requiring electric car chargers to be installed in every new home in England, documents have revealed. The FTSE 100 construction firms Barratt Developments, Berkeley Group and Taylor Wimpey were among the companies who argued against the policy in responses to an official consultation seen by the Guardian. The "blatant lobbying efforts" were criticised by Transport & Environment, a campaign group. - Guardian Ryanair's investors have been urged to vote down "excessive" bonus payouts and block eight senior bosses from re-election in the run-up to the airline's annual shareholder meeting this week. Calling for a shareholder revolt at Europe's biggest airline, the London-based Pirc advisory group highlighted concerns over the independence of the board and potential undue financial rewards for its top executives. - Guardian

John Lewis's drive to build more than 10,000 homes is facing opposition from locals near a key site earmarked for development, amid fears the department store will build a tower block. Residents in West Ealing, London, said the prospect of John Lewis building a large high-rise on top of a Waitrose store was a "major upset". Justine Sullivan, co-chairman of local campaign group Stop The Towers, said the retailer had refused to rule out building "a ginormous tower block, and that will deeply upset people". - Telegraph

A National Grid scheme to avoid blackouts this winter by paying households to use less electricity at peak times is in danger of failing because the proposed payments are too low, leading energy suppliers have warned. The company responsible for keeping the lights on is trying to urgently establish a scheme whereby millions of consumers with smart meters could be rewarded for avoiding using energy-hungry appliances when electricity supplies are scarce. - The Times

Mike Ashley's Frasers Group has emerged as a potential buyer of Gieves & Hawkes, the 250-year-old Savile Row tailor. Frasers, which owns Sports Direct, House of Fraser and Flannels, and other suitors are expected to place revised bids for the company this week, Sky News reported. - The Times

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Wednesday newspaper round-up: Amazon, dividends, Weardale Lithium
(Sharecast News) - Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday - the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence and advertising sales. Amazon reported overall revenue of $143.3bn in the first three months of the year - up 13% from the same period in 2023 and surpassing Wall Street expectations of $142.65bn. The e-commerce giant reported an increase of more than 200% to $15bn, with net income more than tripling to $10.4bn from $3.17bn at the same time in 2023. - Guardian
Tuesday newspaper round-up: Meta, ExxonMobil, Very Group
(Sharecast News) - The Federal Communications Commission on Monday fined the largest US wireless carriers nearly $200m for illegally sharing access to customers' location information. The FCC is finalizing fines first proposed in February 2020, including $80m for T-Mobile; $12m for Sprint, which T-Mobile has since acquired; $57m for AT&T, and nearly $47m for Verizon. - Guardian
Monday newspaper round-up: Thames Water, Brexit, Babylon
(Sharecast News) - Senior Whitehall officials fear Thames Water's financial collapse could trigger a rise in government borrowing costs not seen since the chaos of the Liz Truss mini-budget, the Guardian can reveal. Such is their concern about the impact on wider borrowing costs for the UK, even beyond utilities and infrastructure, that they believe Thames should be renationalised before the general election. Officials in the Treasury and the UK's Debt Management Office fear that, unless the UK's biggest water company is renationalised as soon as possible, "prolonged uncertainty" about its fate could "damage confidence in UK plc at a sensitive time", with elections in the UK and the US later this year. - Guardian
Sunday share tips: Centrica, Lancashire Holdings
(Sharecast News) - The Sunday Times's Lucy Tobin told her readers to book their profits in Centrica and 'sell'.

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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