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: UK chemical plants, home workers, BAE Systems

(Sharecast News) - A Cheshire chemicals factory is to start capturing carbon dioxide on an industrial scale from energy generation in what is described as the UK's first major use of the emissions-reduction technology. Tata Chemicals Europe (TCE) hopes to capture 40,000 tonnes of the greenhouse gas per year, reducing its annual emissions by 10% and providing it with a supply of high-purity carbon dioxide that could be used in products ranging from glass and washing detergents to pharmaceuticals and food. - Guardian An Italian company's hacking tools were used to spy on Apple and Android smartphones in Italy and Kazakhstan, Alphabet Inc's Google said in a new report. Milan-based RCS Lab, whose website claims European law enforcement agencies as clients, developed tools to spy on private messages and contacts of the targeted devices, the report said. - Guardian

Employers across the country are preparing to slash pay for home workers as part of radical plans that could ignite a widespread backlash among staff. One in ten companies plan on reducing pay or benefits for home workers after failing to encourage people back to their desks by using a host of incentives, according to a survey of over 1,000 employers by the Chartered Institute of Personnel and Development (CIPD). - Telegraph

Oil and gas bosses rounded on Rishi Sunak over his new windfall tax at a private 40-minute meeting in Aberdeen as they step up efforts to shape the policy before legislation is passed. Executives warned that the higher tax on profits will make the UK a less attractive prospect and was forcing them to rethink investment plans just as the Government tries to boost domestic energy supplies, sources said. - Telegraph

Spain is ordering 20 Eurofighter Typhoon jets, with the UK's biggest defence contractor taking a £500 million slice of the £1.5 billion-plus contract. About 5,000 BAE Systems employees work directly on the Typhoon programme, with thousands more in the UK supply chain. - The Times

One of the government's top climate advisers has raised doubts over EDF's competence to build nuclear plants and called the decision to locate a proposed plant at Sizewell C in Suffolk ridiculous. Lord Deben, who chairs the climate change committee and lives in Suffolk, was accused by EDF of being a nimby after making the comments at a nuclear conference yesterday. - The Times

Share this article

Related Sharecast Articles

Friday newspaper round-up: Donald Trump, Telegraph sale, Blue Owl
(Sharecast News) - A new 33-strong drone unit is being deployed to investigate the scourge of illegal waste dumping across England, the government has announced. The improvements to the investigation of illegal waste dumping - which costs the UK economy £1bn a year - come as the ringleader of a major waste crime gang was ordered to pay £1.4m after being convicted at Birmingham crown court. - Guardian
Thursday newspaper round-up: Retailers, Tesla, Rachel Reeves
(Sharecast News) - UK retailers are planning to cut staff hours and jobs amid rising employment costs and pessimism about the economy. Almost two-thirds (61%) of finance bosses at retail companies said they planned to reduce working hours or cut overtime, according to the latest survey from the British Retail Consortium (BRC), the trade body that represents most big retailers. More than half (55%) said they would cut head office jobs and 42% said they would reduce jobs in stores. - Guardian
Wednesday newspaper round-up: British Steel, Japan/US, net zero
(Sharecast News) - British Steel has secured an order worth tens of millions of pounds to supply rail for a high-speed electric railway in Turkey, amid continuing uncertainty over the long-term future of the government-controlled steelworks in Scunthorpe. The site will supply 36,000 tonnes of rail to ERG International Group, the company announced, in what it called an "eight-figure agreement". - Guardian
Tuesday newspaper round-up: Vista/Mastercard alternative, KPMG, Boots/Morrisons
(Sharecast News) - UK bank bosses will hold their first meeting to establish a national alternative to Visa and Mastercard, amid growing fears over Donald Trump's ability to turn off US-owned payment systems. The meeting, chaired by Barclays' UK chief executive, Vim Maru, will take place this Thursday and bring together a group of City funders that will front the costs of a new payments company to keep the UK economy running if problems were to occur. - 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.