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Thursday newspaper round-up: Bank payments, GB News, OpenAI

(Sharecast News) - Sellafield will have to pay almost £400,000 after it pleaded guilty to criminal charges over years of cybersecurity failings at Britain's most hazardous nuclear site. The vast nuclear waste dump in Cumbria left information that could threaten national security exposed for four years, according to the industry regulator, which brought the charges. It was also found that 75% of its computer servers were vulnerable to cyber-attack. - Guardian Bank payments can be delayed by an extra three days if lenders suspect consumers are being scammed, as part of a crackdown on booming levels of digital fraud in Britain. Under changes designed to protect consumers against online scams, high street banks are to be handed new powers by the Treasury to delay and investigate payments suspected of being fraudulent. - Guardian

GB News has launched a High Court challenge against Ofcom in a dramatic escalation of its row with the media regulator over impartiality. The High Court has allocated three hours on Thursday morning to an application by GB News against the regulator. Ahead of looming sanctions from Ofcom, it is understood that the broadcaster is applying for "interim relief", a form of short-term protection during legal proceedings, in a highly unusual move for a broadcaster. - Telegraph

A lack of clarity around Rachel Reeves's proposed tax rises is scaring off shoppers, the boss of Sainsbury's has warned. Simon Roberts said customers were holding off on buying big-ticket items amid uncertainty regarding the Budget, which the Chancellor has said will involve "difficult decisions" on tax. He said households needed more information on planned moves, saying they "inevitably are wanting to be clearer about what's going to happen next". - Telegraph

OpenAI has raised $6.6 billion in a fundraising round that values the ChatGPT maker at $157 billion, underscoring the scale of investor optimism around artificial intelligence technology. The company, based in San Francisco, said the investment will allow it to redouble its efforts on AI research, increase computing capacity and continue building problem-solving tools. It is one of the largest private investments on record. - The Times

A third of homes currently up for sale are chain-free as landlords and second-home owners look to sell amid fears over possible capital gains tax changes. The number of house sales being agreed is up 25 per cent versus this time last year, with Zoopla, the property search website, saying that rising sales volumes are being supported by new listings coming to market. - The Times

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Thursday newspaper round-up: AI, BBC, KPMG
(Sharecast News) - Jamie Dimon, the boss of JP Morgan, has said artificial intelligence "may go too fast for society" and cause "civil unrest" unless governments and business support displaced workers. While advances in AI will have huge benefits, from increasing productivity to curing diseases, the technology may need to be phased in to "save society", he said. - Guardian
Wednesday newspaper round-up: Super-rich taxes, fossil fuel companies, farmers
(Sharecast News) - Nearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes on the super-rich, amid growing concern that the wealthiest in society are buying political influence. An open letter, released to coincide with the World Economic Forum in Davos, calls on global leaders attending this week's conference to close the widening gap between the super-rich and everyone else. - Guardian
Tuesday newspaper round-up: City & Guilds, water companies, home ownership
(Sharecast News) - The new owners of the vocational training body City & Guilds appear to have more than tripled the pay of its top six executives right at the moment the company is cutting £22m of costs and shrinking its UK workforce. The large increases to salary and bonuses have emerged during a scandal over the sale of the qualification awards business by its former owner, the UK charity City & Guilds London Institute (CGLI), to the international certification company PeopleCert. - Guardian
Monday newspaper round-up: Scottish Power, South East Water, Elon Musk
(Sharecast News) - Scottish Power has been ranked Britain's worst energy supplier for customer service in a survey from a leading consumer body that placed many of the UK's biggest suppliers at the bottom of the league table. British Gas and EDF Energy were just above Scottish Power at the foot of the annual Which? rankings. These are based on a satisfaction survey of almost 12,000 energy customers and a Which? assessment of each supplier's customer service. - 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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