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: BT, Vodafone, Issa brothers

(Sharecast News) - British businesses are slowing down hiring just as the number of people looking for work rises, according to data that suggested "lingering uncertainty" over the economic outlook. The availability of candidates for new jobs rose in June at the sharpest rate since the height of the UK's coronavirus restrictions in December 2020, according to the latest report on jobs by the Recruitment and Employment Confederation (REC) and KPMG. - Guardian Britain is returning to the gloom of the 1970s as customer satisfaction collapses at the fastest pace on record, new data shows. Energy and water companies were the worst performers in the country as high inflation and staff shortages triggered the sharpest year-on-year drop in customer satisfaction since the Institute of Customer Service began tracking the data in 2008. - Telegraph

BT is on high alert for a takeover spearheaded by its major shareholder Deutsche Telekom, in what would be a crucial test of Britain's approach to European investment post-Brexit. The former state monopoly has intensified work with advisers from Robey Warshaw and Goldman Sachs on its defence in recent months amid strengthening rumours that its German counterpart, a 12pc shareholder in BT, was preparing an approach. - Telegraph

The UK chief executive of Vodafone has warned that investment in digital infrastructure will be cut and it will be unable to deliver on the government's goals if it is prevented from merging with Three. Ahmed Essam said the business was not making the returns needed to cover its cost of capital and without the deal "we won't be able to invest as much and we won't be able to deliver the 5G ambition that's coming in the wireless infrastructure strategy from the government. It will just slow us down." - The Times

The billionaire brothers who own Asda are bankrolling a fledgling zero-emission lorry company and plan to create Britain's first network of hydrogen fuel stations to support the decarbonisation of Britain's 300,000 heavy goods vehicles. HVS, founded in Glasgow as Hydrogen Vehicle Systems in 2017, is testing and developing a lorry running on hydrogen fuel cells at the automotive industry's Mira proving ground at Nuneaton, Warwickshire, after winning £21 million of taxpayer-funded grants. - 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.