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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.

Friday newspaper round-up: GFG Alliance, Apple, FinnCap, M&S

Fri 19 Nov 2021 07:26

(Sharecast News) - Sanjeev Gupta's GFG Alliance has sold two aluminium parts factories after Jaguar Land Rover (JLR) stepped in to secure a vital part of its supply chain. Evtec, an automotive supplier based in Coventry, will take over Liberty Aluminium Technologies casting plants in Coventry and Kidderminster in the West Midlands, saving 170 jobs. However, GFG is closing a site in Witham, Essex, with the loss of 64 jobs. - Guardian Apple is stepping up its plans to enter the car market and aims to launch a self-driving electric vehicle in 2025, according to a report. The tech company's much-rumoured automotive project has bolstered its ambitions under new leadership and is pushing for a fully self-driving vehicle with no steering wheel or pedals, said Bloomberg. The car's interior would be designed for hands-off driving, with one possible design featuring passengers sitting around a U-shaped seating formation. - Guardian

Zia Chishti, the founder of Princess Beatrice's technology company Afiniti, resigned on Thursday night two days after a former employee accused him of violent sexual assault. Following a crunch board meeting, directors said Mr Chishti had "stepped down from his role as chairman, chief executive officer, and director of Afiniti, effective immediately". - Telegraph

A City broker will offer unlimited paid time off in an effort to help its staff to avoid burnout. FinnCap has set out the plan for its 155 employees to try to make a significant improvement to working conditions and in recognition of heightened demands from clients because of volatile capital markets, Bloomberg reported. - The Times

The chairman of Marks & Spencer warned that trade in Northern Ireland could become an "operational nightmare" and that the burden of red tape would be increased by concessions from Brussels. Archie Norman has written to Lord Frost, the Cabinet Office minister, saying that European Commission plans could result in "worsening friction and cost and a high level of ambiguity and scope for dispute". - The Times

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Monday newspaper round-up: UK productivity, Shein, Poundland
(Sharecast News) - Productivity in the UK - a vital measure of economic health - is growing more strongly than official figures suggest, according to analysis from the Resolution Foundation. The thinktank suggests the chancellor, John Healey, may have inherited an economy finally starting to emerge from the long shadow of the 2008 global financial crisis. Productivity measures the economic output produced by each worker, and is a crucial determinant of growth. - Guardian
Fri 21 Aug 2026 07:21
Friday newspaper round-up: Cash stocks, Specsavers, TfL
(Sharecast News) - The number of banknotes in circulation in the EU is increasing despite widespread smartphone payments, new data shows, with wildfires ripping through parts of Europe fuelling demand for an emergency stash of cash. While cash plays second fiddle to contactless payments in many cities across Europe, the amount in circulation is actually going up, Philip Lane, the chief economist of the European Central Bank (ECB), said at the MacGill summer school conference in Ireland. - Guardian
Thu 20 Aug 2026 07:17
Thursday newspaper round-up: US debt, Oxfam, Mark Zuckerberg, KPMG
(Sharecast News) - US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade. The treasury's latest debt balance showed $40.047tn on Tuesday afternoon, the highest in US history. The milestone marks years of government spending that grew under both Donald Trump and Joe Biden. During his first term, Trump approved $8.4tn worth of debt, with a huge chunk going to Covid-19 relief spending, while Biden approved $4.3tn worth of debt, according to the Committee for a Responsible Federal Budget. - Guardian
Wed 19 Aug 2026 07:19
Wednesday newspaper round-up: OpenAI, tariffs, Thames Water, Land Securities
(Sharecast News) - The UK is vulnerable to food price shocks because of its dependence on imports of fruit and vegetable from countries even more exposed to the climate crisis, researchers say. Much of Britain has sweltered under a record five heatwaves this year and endured drought and wildfires, with the hot, dry conditions damaging crops and reducing yields of domestic produce. However, the UK relies on countries under even greater climate pressure for supplies of some of its most popular fresh foods, according to a report from the Food Foundation charity published on Wednesday. - Guardian

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