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Friday newspaper round-up: Shein, clean power, farmers

(Sharecast News) - Britain's financial regulator is taking longer than usual to approve the fast-fashion retailer Shein's stock market listing because it is checking its supply chain oversight and assessing legal risks after an advocacy group for China's Uyghur population challenged the listing, according to two sources close to the matter. Britain's Independent Anti-Slavery Commissioner, a monitoring body of the Home Office, has also raised concerns within government over a Shein initial public offering (IPO) because of allegations about labour practices at its suppliers. - Guardian Labour's plan to switch to a clean power system by 2030 faces "significant challenges" to avoid delays and prevent vulnerable households paying higher bills, experts have warned. The UK Energy Research Centre (UKERC) has said there is "very little room for error" in meeting the government's plan to create a 95% low-carbon electricity grid by the end of the decade. - Guardian

Britain's workforce will shrink to a record low as a surge in the number of people who are too sick to work drags on the economy. Projections by the tax and spending watchdog show the share of over-16s in work or looking for a job will never get back to pre-lockdown levels, as an ageing population and rising ill health leaves a permanent scar on the economy. The Office for Budget Responsibility (OBR) believes the share of the adult population either in employment or looking for a job will fall to just 61.8pc in the 2060s. - Telegraph

Britain's farmers are braced for £600m of collective losses after poor weather led to the second-worst harvest on record. According to figures from the Department for Environment, Food and Rural Affairs, the UK's harvested wheat crop plunged to 11.1m tonnes in 2024, down from 14m the year prior. - Telegraph

Britain's farmers are braced for £600m of collective losses after poor weather led to the second-worst harvest on record. According to figures from the Department for Environment, Food and Rural Affairs, the UK's harvested wheat crop plunged to 11.1m tonnes in 2024, down from 14m the year prior. - 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

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.

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