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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 newspaper round-up: Hiring, Starlink, Thames Water

(Sharecast News) - Companies are putting the brakes on hiring new staff amid a "subdued" economic outlook and rising wage bills, according to the latest business surveys. In signs of a weakening UK labour market, the consultancy KPMG and the trade body the Recruitment and Employment Confederation (REC) said a marked decline in the number of people being placed in permanent and temporary roles continued in February, although hiring declined at a slower pace than in January. - Guardian Councils and mayors will be granted greater powers to seize land to build affordable housing under the Labour government's shake-up of planning rules this week. Local authorities in England and Wales will no longer need permission from central government to make compulsory purchase orders (CPOs), in a change that ministers hope will unlock vacant and derelict land. - Guardian

Elon Musk's satellite technology is set to be deployed to help keep GPs in rural parts of England connected to the internet. The NHS has awarded a contract worth £85,000 to Starlink, which is part of Mr Musk's SpaceX, to help provide internet services to GP practices and administrative offices in the North East and North Cumbria. - Telegraph

London is at risk of being swamped by burst pipes and sewage leaks if Thames Water is forced into an emergency nationalisation later this month, insiders fear. There are growing concerns that maintenance and repair works could grind to a halt if a multibillion-pound private sector-led bailout is rejected by the Court of Appeal in the coming days. - Telegraph

The beleaguered boss of BP has insisted that a move to increase fossil fuel production and abandon green energy targets is "resonating" with investors, as he races to convince shareholders that he can turn around the fortunes of the oil major. In his first public comments since promising a "fundamentally reset" strategy two weeks ago, Murray Auchincloss writes in The Times that unwinding a series of "misplaced" targets set out five years ago had been well received as he steps up efforts to woo investors. - The Times

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Thursday newspaper round-up: Post Office, Ben & Jerry's, Anthropic
(Sharecast News) - The Post Office has avoided a fine over a data breach that resulted in the mistaken online publication of the names and addresses of more than 500 post office operators it had been pursuing during the Horizon IT scandal. The Information Commissioner's Office (ICO) has reprimanded the Post Office over the breach, in which the company's press office accidentally published an unredacted version of a legal settlement document with the operators on its website. - Guardian
Tuesday newspaper round-up: Zipcar, BP, Volvo/Polestar
(Sharecast News) - As the battle lines harden amid Germany's intensifying pressure on the European Commission to scrap the 2035 ban on production of new petrol and diesel cars, two Swedish car companies, Volvo and Polestar, are leading the campaign to persuade Brussels to stick to the date. They argue such a move is a desperate attempt to paper over the cracks in the German car industry, adding that it will not just prolong take up of electric vehicles but inadvertently hand the advantage to China. - Guardian
Monday newspaper round-up: Black Friday, Gail's, Evri, Amazon
(Sharecast News) - Shoppers held back from visiting high streets over Black Friday, data shows, amid fears weak consumer spending will put the brakes on economic growth in 2026. Visitors to all UK shopping destinations were down 2% on Friday and 7.2% compared with the equivalent days last year, according to the monitoring company MRI Software, with locations near central London offices among the few to experience a lift in visits. - Guardian
Monday newspaper round-up: Black Friday, Gail's, Evri, Amazon
(Sharecast News) - Shoppers held back from visiting high streets over Black Friday, data shows, amid fears weak consumer spending will put the brakes on economic growth in 2026. Visitors to all UK shopping destinations were down 2% on Friday and 7.2% compared with the equivalent days last year, according to the monitoring company MRI Software, with locations near central London offices among the few to experience a lift in visits. - 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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