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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.

Monday newapaper round-up: P&O Ferries, Sainsbury's, Hinkley Point C

(Sharecast News) - Grant Shapps is writing to the chief executive of P&O Ferries urging him to announce a U-turn on the decision to sack 800 workers without notice, as unions pledged to "ratchet up the fight" after a weekend of protests. The transport secretary is expected to present a package of legislation on Wednesday to close loopholes and ensure ferry companies running regular services to and from the British Isles pay their crew the UK minimum wage. - Guardian Major investors have launched a campaign calling for Sainsbury's to help tackle the cost of living crisis by becoming the first supermarket group to pay all its workers the "real living wage" of £9.90 an hour. Legal & General Investment Management, Nest (National Employment Savings Trust), which is Britain's largest workplace pension scheme, and several MPs have formed a coalition to push for the change after reports that increasing numbers of supermarket workers are having to turn to food banks to feed themselves and their families. - Guardian

The UK's £23bn new flagship nuclear power plant is at risk of becoming more expensive and being plagued by delays as its developer EDF blamed challenges including the conflict in Ukraine. EDF is carrying out a "new comprehensive review" of the costs and timeframes of Hinkley Point C, which it is building in Somerset with updates expected in the summer. - Telegraph

JP Morgan threw down the gauntlet to the UK retail banking industry by launching an instant-access savings account paying over 50 per cent more interest than existing accounts. The American bank said that customers of Chase, its new British app-based operation, would get a 1.5 per cent return on up to £250,000, but savers must also sign up to its current account. - The Times

The pension funds and investments of more than a million people are to be disinvested from the tobacco industry after Scottish Widows announced it would sell shares and bonds worth £1 billion in cigarette companies. It is screening out any investment in firms where tobacco accounts for more than 10 per cent of sales, so it will divest itself of firms including British American Tobacco, Imperial Brands, Philip Morris and Japan Tobacco. - The Times

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Sunday newspaper round-up: Elon Musk, Rolls-Royce, Lotus
(Sharecast News) - Elon Musk criticised Donald Trump's proposed tax and spending proposals on Saturday, labelling them "utterly insane and destructive". The tech mogul wrote on social media that "The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!" He also believed that they were akin to political suicide for the Republican party. Musk was criticising a US Senate version of the bill. - Guardian
Friday newspaper round-up: Post office, local bus services, British vehicle production
(Sharecast News) - The police criminal inquiry into the Post Office Horizon IT scandal is investigating more than 45 individuals, with seven formally identified as main suspects. The investigation, which the police described as unprecedented in size and scale, is the first to examine potential offences of perjury and perverting the course of justice by those who made "key decisions" on Post Office investigations and supporting prosecutions of branch-owner operators. - Guardian
Thursday newspaper round-up: Billionaires' wealth, China wind and solar installations, household incomes
(Sharecast News) - The wealth of the world's 3,000 billionaires has surged by $6.5tn (£4.8tn) in real terms over the past decade, according to Oxfam, equivalent to 14.6% of global output. In total the richest 1% of the global population has gained at least $33.9tn in real terms, which the charity said was "enough to end annual global poverty 22 times over". - Guardian
Wednesday newspaper round-up: Post Office, interest-only mortgages, Asda
(Sharecast News) - Post office operators yet to claim compensation of at least £600,000 relating to the Horizon IT scandal have not been chased up by officials because the government did not want to "harass" them with letters, it has emerged. In a report criticising the speed and handling of payouts after the Post Office scandal, the House of Commons public accounts committee (PAC) said the government is taking "insufficient action" identifying all the operators eligible to claim some of the £1.7bn being paid out across four compensation schemes. - 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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