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.

Friday newspaper round-up: Boeing, Amazon, Harland & Wolff

(Sharecast News) - Striking Boeing workers will vote on an improved contract offer on Monday, which includes a 38% pay rise over four years and a bigger signing bonus, their union said on Thursday. More than 30,000 factory workers who produce Boeing's strongest-selling 737 Max commercial jet and other planes have been on strike since 13 September and have rejected two earlier offers from Boeing. - Guardian Amazon became the latest of the "magnificent seven" tech giants to report quarterly earnings on Thursday, with all eyes once again on cloud computing and any sign of a return on vast AI investments. Shares in the e-commerce giant rose in after-hours trading. The company reported revenue of $158.9bn against analyst expectations of $157.2bn, and earnings per share of $1.43, compared to $1.16 expected by Bloomberg analysts. - Guardian

Carmakers including Honda and BMW have temporarily halted sales to customers in recent days as the industry grapples with a motor finance scandal that lawyers have warned will be "bigger than PPI". Honda last weekend ordered showrooms not to deliver vehicles bought via financing deals following a shock court ruling on commissions paid to car salesmen. - Telegraph

The fallout from the car loans scandal has widened after it emerged that Metro Bank had temporarily halted its asset finance lending to review the ramifications of a shock court ruling. Several lenders have frozen their motor finance operations in recent days, causing chaos in the car loans market, following a Court of Appeal judgment last Friday that set a much higher bar for the disclosure of commission arrangements between credit brokers and lenders than had been required by existing regulations. Lenders were found to be liable for brokers' lack of transparency. - The Times

Harland & Wolff's leading executive has failed to meet an administrator-imposed deadline to provide a statement of affairs at the troubled shipbuilder, which is now not expected to be able to repay creditors. Russell Downs, the group's executive chairman, has asked administrators at Teneo to extend the deadline to November 5. - The Times

Share this article

Related Sharecast Articles

Thursday newspaper round-up: Liberty Steel, HSBC, NMC
(Sharecast News) - Liberty Steel has produced nothing at two of its key UK plants since July, in a sign of the deep financial difficulties for Britain's third-biggest steelmaker as it looks for rescue funding. The plants at Rotherham in South Yorkshire and Motherwell in Scotland have not produced any steel for about nine months because of a lack of funds to buy vital materials, with staff on furlough on 85% of their salaries for the duration, according to workers who spoke to the Guardian. - Guardian
Wednesday newspaper round-up: Thames Water, Anglian Water, Telegraph, Greenergy
(Sharecast News) - Two of Britain's biggest water companies, Thames Water and Anglian Water, face more than 50 criminal investigations between them as part of a crackdown on sewage dumping, the government has said. The utilities were subject to the bulk of a record 81 investigations into water companies between last July's general election and March 2025, according to new data. - Guardian
Tuesday newspaper round-up: Post Office, factories, ISAs
(Sharecast News) - Hundreds of former sub-postmasters will reportedly be compensated by the Post Office after it accidentally leaked their names and addresses in June 2024. According to the BBC, the Post Office has confirmed that individual payouts will be capped at £5,000 although higher claims may still be pursued. It comes almost a year after 555 victims of the Horizon IT scandal had their personal details published on a website. - Guardian
Monday newspaper round-up: Santander UK, Thames Water, Oxford Quantum Circuits
(Sharecast News) - Santander UK is freezing salaries, slashing bonuses and cutting jobs across its commercial banking arm as part of a wider shake-up that could help make the bank more attractive to potential buyers. The bank began unexpectedly changing bankers' job titles and shuffling staff into new teams earlier this month amid a larger review of the Spanish lender's UK business, where there is mounting frustration over regulations and costs. - 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.