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: BoE, office space, BAE Systems

(Sharecast News) - The Bank of England's reliance on "inadequate" forecasting models and a lack of intellectual diversity within its most senior ranks contributed to inflation sticking at among the highest levels in decades, a Lords report has found. In a report critical of Threadneedle Street, the powerful Lords economic affairs committee said the central bank had made "errors" in its handling of the inflation shock triggered after the Covid pandemic and Russia's invasion of Ukraine. - Guardian Women hold just one in five commercial roles on the boards of Britain's 350 largest listed companies, according to research that suggests firms have blind spots and operate at "various levels of consciousness" when it comes to senior female staff. Many are failing to address important barriers that women face in the workplace, the report found, including operating a "woman tax", whereby women are given additional tasks alongside their day jobs without placing the same expectation on their male peers. - Guardian

Nearly 7m sq ft of office space in Canary Wharf does not meet environmental property standards, new figures show. Outdated real estate across the business district, which is known for its huge office towers, could pose a problem for the embattled property group as the Government pursues its green agenda. Current proposals mean that by 2027 all commercial buildings must have an energy performance certificate (EPC) rating of A, B or C and by 2030 only A or B. - Telegraph

There is a "democratic deficit" in parliamentary scrutiny of the Bank of England because oversight of Threadneedle Street's work has failed to keep up with the expansion of its responsibilities, peers have warned. The Lords' economic affairs committee is calling for an overhaul in the way in which the Bank is held to account to reflect changes to its powers and objectives, which have "expanded substantially" in the 25 years since it was made operationally independent. - The Times

One of the more unusual flotations of 2024 is set to deliver a multimillion-pound windfall to BAE Systems. While the London Stock Exchange has suffered a series of defections and snubs from international businesses, Air Astana, the flag carrier of Kazakhstan, looks set to follow a string of other companies from the country that have come to London to list shares. - The Times

Share this article

Related Sharecast Articles

Sunday share tips: PPHE, Keystone Law
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of PPHE an "attractive long-term buy" citing their valuation.
Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - 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.