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.

Monday newspaper round-up: BMW, shop prices, Waitrose, Bernanke

(Sharecast News) - BMW will unveil a significant investment in its electric Mini plant in Oxford on Monday, a move that will secure 4,000 jobs and strengthen the UK's electric vehicle supply chain. The investment by the German carmaker is the result of "extensive" engagement with the UK government, according to the business and trade department, and marks a reversal of plans to move electric Mini production abroad to China. - Guardian The largest solar farm in Europe to be built on a closed landfill site has begun generating renewable electricity from a former rubbish dump in Essex. The Ockendon solar farm, the third largest in the UK, includes more than 100,000 solar modules covering 70 hectares (173 acres) of land. - Guardian

Rising taxes risk "severely undermining" the fight against inflation, a group of more than 40 major British businesses have warned the Chancellor. In a letter to Jeremy Hunt, the bosses of Tesco, Aldi, Ikea, Greggs, M&S and dozens more retailers have warned an anticipated rise in business rates will ramp up costs and make it harder to cut prices. - Telegraph

Waitrose has cut the price of roast dinner staples and other items in the grocer's latest bid to retain cash-strapped customers. The supermarket chain said it was lowering the cost of 250 items from Wednesday as part of an ongoing £100m investment. Among the goods falling in price are higher-welfare, medium whole chickens, which will drop from £4.90 each to £4.50 each. - Telegraph

When experts at the Bank of England begin their next round of forecasting for the nation's economy, they will be watched closely by an outside observer. Ben Bernanke, the Nobel prizewinning economist and former US Federal Reserve chairman, has been charged with leading an independent review of the Bank's forecasting models. He is the latest in a series of American economists to have been drafted in by the Bank to provide an independent evaluation of its work since it gained its independence from the Treasury in 1997. Before Bernanke, Don Kohn, David Stockton and Kevin Warsh were Fed officials to have written reviews of the UK's monetary policy framework. - The Times

A "perfect storm" in the jobs market risks generating a "wage-price spiral" that would make inflation tougher to bring down, a report has warned. Resilient demand for workers, despite the economy slowing, is said to have strengthened employees' confidence over pay rises. In research by Robert Half, a recruitment agency, and the Centre for Economics and Business Research consultancy, faith in future pay awards pushed its jobs confidence index into positive territory for the first time in more than a year. - The Times

Share this article

Related Sharecast Articles

Monday newspaper round-up: Renewable energy, BlackRock, Frasers Group
(Sharecast News) - A development company that sells off land no longer needed by Thames Water has paid out a £14m dividend despite warnings that it could become engulfed by the water group's financial woes. Accounts filed at Companies House show Kennet Properties paid out a £14.5m dividend in the year to 31 March 2023 despite the difficulties faced by the wider group, which is facing going into administration. - Guardian
Sunday share tips: Mitie, Costain
(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of Mitie to its readers, highlighting it shift from facilities management to facilities transformation.
Sunday newspaper round-up: IDS, Ocado, Foxtons
(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian
Friday newspaper round-up: Thames Water, Netflix, consumer confidence
(Sharecast News) - "Misleading" and "inconsistent" labels make it hard for shoppers to know where their food comes from, the consumer champion Which? has said, as it found supermarket chains were selling products with "meaningless" statements on their packaging. Retailers must supply the "country of origin" for specific foods including fresh fruit and vegetables, unprocessed meats, fish, wine and olive oil but the rules do not generally apply to processed meat or frozen or processed fruit and vegetables. - 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.