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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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Wednesday newspaper round-up: UK energy summit, Grant Thornton, Nvidia
(Sharecast News) - China is to snub a major UK summit on energy security next week, the Guardian has learned, amid a growing row over the country's involvement in UK infrastructure projects. The US will send a senior White House official to the 60-country summit, to be co-hosted with the International Energy Agency. Leading oil and gas companies are also invited, along with big technology businesses, and petrostates including Saudi Arabia, Qatar and the United Arab Emirates. - Guardian
Tuesday newspaper round-up: UK business confidence, Nvidia, Vistry
(Sharecast News) - UK business confidence has fallen to the lowest level for more than two years amid growing concern over tax rises and Donald Trump's escalating trade war, according to a survey. Highlighting the risks to the economy, the Institute of Chartered Accountants in England and Wales (ICAEW) said the first quarter of the year had been "harrowing" for companies across Britain. - Guardian
Tuesday newspaper round-up: UK business confidence, Nvidia, Vistry
(Sharecast News) - UK business confidence has fallen to the lowest level for more than two years amid growing concern over tax rises and Donald Trump's escalating trade war, according to a survey. Highlighting the risks to the economy, the Institute of Chartered Accountants in England and Wales (ICAEW) said the first quarter of the year had been "harrowing" for companies across Britain. - Guardian
Monday newspaper round-up: British Steel, Viagogo, tariffs
(Sharecast News) - British Steel is to deploy emergency measures in a race against time to save the blast furnaces at Scunthorpe, as the business secretary refused to guarantee the plant could get what it needed in time. The company is understood to be looking at offers of help from more than a dozen businesses to obtain materials such as iron ore and coking coal, potentially allowing it to avoid the temporary shutdown of one of the two furnaces. - 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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