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: Electric car chargers, Ocado, Apple

(Sharecast News) - The UK government has set a new target to increase the number of electric car chargers more than ten times to 300,000 by 2030 after heavy criticism that the rollout of public infrastructure is too slow to match rapid growth in sales. The Department for Transport (DfT) said it would invest an extra £450m to do so, alongside hefty sums of private capital. Sales of new cars and vans with petrol and diesel engines will be banned from 2030. - Guardian

Ocado is redesigning a new logo for its fast-track Zoom service less than a week after it was launched, after drawing comparisons to the Russian battle symbol used on tanks and other military vehicles in Ukraine. The online grocer unveiled the logo, featuring a white swishy Z on a pink circle background, last Friday. But on Thursday, the company said it was having a rethink after its design quickly drew comparisons with the "Zwastika". - Guardian

The cost of living crisis risks sparking a wave of rioting in Britain because its economy is one of the most fragile in Europe, a French investment bank has warned. L'Atelier BNP Paribas said that there is a danger of "social unrest, protest and extremism" after the UK ranked 35th out of 36 countries for its ability to deliver higher wages, lower costs and social mobility. - Telegraph

Apple is considering launching a monthly subscription for the iPhone and other gadgets in a move that could encourage users to pay regularly for access to the latest devices. The company is working on the service, which would mean consumers paying for devices in installments rather than upfront, ahead of a potential launch later this year, Bloomberg reported. - Telegraph

City regulators have taken the first step towards creating a British rulebook for cryptocurrencies amid worries that the fast-growing $1.7 trillion market will eventually pose a threat to the wider financial system. The Bank of England's financial policy committee began to set out its thinking yesterday on how the cryptocurrency sector should be supervised in a move that potentially heralds a turning point for digital assets, which so far have been almost entirely unregulated. - The Times

Judges have quashed a second conviction in what has been described as the UK's biggest bribery scandal, increasing the pressure on the Serious Fraud Office. The Court of Appeal ruled yesterday that failures by the SFO to disclose evidence meant the conviction of Paul Bond should be set aside. Judges rejected a request for a retrial. - The Times

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - 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.