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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: Rail fares, Ocado, British Airways

(Sharecast News) - Britain's top-listed businesses have made further progress on gender targets but still have too few women in senior leadership positions, a report has found. The research, by Cranfield School of Management, found the proportion of women on FTSE 100 boards was at an all-time high, but concluded there still were not enough female chairs, chief executives and chief financial officers. - Guardian Millions of commuters are facing a double-digit percentage rise in their rail fares over the next two years as financial markets predicted a jump in inflation lasting well into 2022. Investors are bracing for the Retail Price Index (RPI), which is used to calculate fare increases, to peak at 7pc by April next year and remain at 6.2pc in July - the month in which the figure is used to calculate increases in ticket prices and student loan interest costs. - Telegraph

Households face a £220 increase to their council tax bills over the next three years as local authorities plug a £3bn blackhole in their finances, a leading think tank has warned. The Institute for Fiscal Studies (IFS) said council taxes could need to rise by 5pc per year, with Boris Johnson's recent social care reforms posing "major challenges" for local authority budgets. - Telegraph

Ocado is investing £10 million in the driverless car start-up Wayve as part of a year-long trial that could result in autonomous grocery deliveries. Ocado uses robots in its warehouse to pick customer orders from a grid-like system but the Wayve deal could pave the way for robots to deliver groceries to peoples' homes. - The Times

British Airways plans to rehire some of the thousands of staff laid off last year. Unite, the union, says the airline is looking to rehire about 3,000 cabin crew after cutting roughly 10,000 jobs, a third of its workforce, last spring and summer when the Covid-19 crisis had grounded most of its aircraft. BA did not confirm how many staff would be taken back, but it has begun offering new cabin crew jobs from next summer, according to the Financial Times. - The Times

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Sunday newspaper round-up: Hargreaves Lansdown, Crest Nicholson, Michael Kors
(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
Sunday share tips: Oxford Instruments
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
Friday newspaper round-up: Insecure work, Stellantis, Nationwide
(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian
Thursday newspaper round-up: Revolut, BT Group, housing market
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - 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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