Skip Header
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

Share this article

Related Sharecast Articles

Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - Guardian
Friday newspaper round-up: OBR, franchise agreements, GoCardless
(Sharecast News) - MPs have launched an inquiry into the role and performance of the Office for Budget Responsibility. The all-party Commons Treasury committee will spend until the end of next month investigating the independent agency's forecasting performance and impartiality. The panel will consider whether reforms are needed 15 years after the OBR was set up by George Osborne when he was Tory chancellor. - Guardian
Thursday newspaper round-up: Youth employment, SpaceX, EY
(Sharecast News) - Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation's future at risk, research has warned. Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain's economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness. - Guardian
Wednesday newspaper round-up: UK borrowing costs, Channel 4, Anduril
(Sharecast News) - The "premium" that the UK pays to borrow money compared with its international peers may be coming to an end as markets grow more confident about the government's plans, a thinktank has suggested. The Institute for Public Policy Research (IPPR) said that the chancellor Rachel Reeves's announcement in the autumn budget that she would be more than doubling the UK's financial headroom by 2030 from £9.9bn to £22bn had begun to assure bond markets about Labour's fiscal approach. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.