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: French elections, British Airways, Partygate, Twitter, non-doms

(Sharecast News) - Emmanuel Macron won a resounding victory against Marine Le Pen in the presidential run-off, becoming the first French modern head of state to secure re-election while holding executive power. Macron, 44, won with 58.5 percent of the vote against Le Pen's 41.5 per cent after an aggressive second-round campaign in which he cast the leader of the National Rally as a far-right threat to democracy and European security. - The Times British Airways is setting up its maiden overseas base for short-haul flights to combat staff shortages that have sparked the worst wave of cancellations in a decade. The UK flag carrier is to open a cabin crew base in Madrid as bosses scramble to avoid the recent travel chaos lasting throughout the summer. - Telegraph

Britain's hopes of a favourable post-Brexit trade deal with the US risk being undermined by the government's lack of engagement on workers' rights, trade unions have warned. As a second round of US-UK talks begins this week, union leaders from both countries said Washington would push for a "worker-centred approach to trade" to help unlock a deal. - Guardian

A Whitehall report into lockdown-breaking parties in Downing Street is so damning that senior officials believe it could leave Boris Johnson with no choice but to resign as prime minister, The Times has been told. The report by Sue Gray, a senior civil servant, is understood to be highly critical of Johnson both for attending some of the events and the culture in No 10 under his leadership. - The Times

Driving an electric car for a year costs almost £600 less than its petrol equivalent after fuel prices surged more than electricity costs, research by the comparison website Compare the Market has found. Electric vehicles were already cheaper to run, according to figures shared with the Guardian, but the gap has widened significantly amid turmoil in global energy markets caused by the war in Ukraine. - Guardian

Boris Johnson will launch a push for families to take up £2,000 a year in childcare support as he attempts to refocus attention on how the Government can help with the cost-of-living crisis. The Prime Minister is keen to move on from a bruising week that was dominated by the "partygate" scandal, with a number of Tory MPs publicly criticising his leadership. - Telegraph

The chairman of the Commons business select committee has urged Kwasi Kwarteng not to let Downing Street delay legislation needed to bring forward audit and corporate governance reforms. Darren Jones, a Labour MP, has written to the business secretary raising concerns about reports that the legislation has been dropped from next month's Queen's Speech. - The Times

The Labour party has vowed to abolish the "non-dom" tax loophole used by the chancellor Rishi Sunak's wife to save paying up to £20m in UK tax. Rachel Reeves, the shadow chancellor, said it "simply isn't right that those at the top can benefit from outdated non-dom tax perks" while ordinary people struggle with tax rises and the cost of living crisis. - Guardian

Two in three pharmacists are now dealing with medication shortages on a daily basis, research shows, amid growing concern about worsening access to hormone replacement therapy. Pharmacists said they were regularly facing patients "boiling over" with rage amid desperation over shortages of treatments for dozens of conditions. - Telegraph

The board of Twitter is coming under pressure to engage with Elon Musk over his mooted $43 billion takeover bid after the Tesla founder lined up financing for a deal. Musk met key Twitter shareholders late last week and some have since indicated they expect the board to leave the door open for talks, even if his "best and final offer" of $54.20 a share may not be enough to seal a deal. The shares closed at $48.93 on Friday. - The Times

International travel should be protected in future pandemics, MPs have urged, describing the Covid restrictions imposed by the UK government as confusing, arbitrary and disproportionate. The Commons transport select committee said the government should learn lessons from the coronavirus pandemic to create a predictable and transparent system for future public health crises, to support travellers and the aviation industry. - Guardian

Share this article

Related Sharecast Articles

Monday newspaper round-up: Four-day week, UK energy, Apple
(Sharecast News) - Fraudsters may have stolen £500,000 from a taxpayer-funded scheme aimed at accelerating the removal of dangerous cladding from buildings, the public spending watchdog has revealed. The National Audit Office said the government decision to prioritise speed in handing out money to building owners had increased its risk of losses from fraud. The warning came in an NAO report into the government's progress in remediating dangerous cladding from blocks after the Grenfell Tower fire in 2017. - Guardian
Friday newspaper round-up: Boeing, Amazon, Harland & Wolff
(Sharecast News) - Striking Boeing workers will vote on an improved contract offer on Monday, which includes a 38% pay rise over four years and a bigger signing bonus, their union said on Thursday. More than 30,000 factory workers who produce Boeing's strongest-selling 737 Max commercial jet and other planes have been on strike since 13 September and have rejected two earlier offers from Boeing. - Guardian
Thursday newspaper round-up: Lloyds Banking Group, Microsoft, car finance crisis
(Sharecast News) - The former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse with the FTX founder, Sam Bankman-Fried, was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former boss of about $8bn in customer funds from the now bankrupt exchange. The United States district judge Lewis Kaplan imposed the sentence during a hearing in Manhattan federal court. - Guardian
Wednesday newspaper round-up: Starbucks, Santander, Alphabet
(Sharecast News) - Starbucks office workers will risk losing their jobs if they fail to comply with the company's hybrid work requirement that employees are in the office three times a week. According to the Wall Street Journal an internal message sent to employees warns that an "accountability process" will start in January 2025. Consequences for non-compliance are "up to, and including, separation", according to the company message. - 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.