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Friday newspaper round-up: AI, Bentley, News Corp

(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - Guardian Artificial intelligence could displace between 1m and 3m private sector jobs in the UK, though the ultimate rise in unemployment will be in the low hundreds of thousands as growth in the technology also creates new roles, according to Tony Blair's thinktank. Between 60,000 and 275,000 jobs will be displaced every year over a couple of decades at the peak of the disruption, estimates from the Tony Blair Institute (TBI) suggest. - Guardian

Bentley has pushed back plans to go fully electric by five years as driver uptake of battery-powered cars continues to fall short of the industry's hopes. In an announcement on Thursday, bosses confirmed that the British marque will switch to an all-electric lineup by 2035 instead of 2030. It comes months after Bentley delayed the launch of its first electric vehicle (EV) from 2025 to 2026. Originally envisaged as a grand tourer, it will also be a "luxury urban SUV", the company said. - Telegraph

A host of Britain's best-known businesses have warned that jobs could be cut, hiring scaled back and prices pushed up as they absorb hundreds of millions of pounds in extra costs imposed on employers in Rachel Reeves's autumn budget. Allison Kirkby, the chief executive of BT, said customers could be charged more for services as the telecoms group looked to offset a £100 million hit from rising national insurance contributions in the next fiscal year. - The Times

News Corporation beat estimates for first-quarter revenue on Thursday, driven by growth in its digital real estate services, book publishing and Dow Jones segments. The media and information services group, which owns publications including The Times, The Sunday Times and The Wall Street Journal, reported revenues of $2.58 billion in the three months to the end of September, compared with $2.57 billion estimated by analysts and up 3 per cent from $2.5 billion in the previous year's first quarter. - The Times

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian

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