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Monday newspaper round-up: Manufacturers, EY, Waitrose

(Sharecast News) - Britain's manufacturers are urging the chancellor, Jeremy Hunt, to announce a "major MOT" of the UK's "uncompetitive" business tax and regulatory system in his autumn statement next month. Many aspects of the system are "not fit for purpose", the business group Make UK said in a report published in the middle of the political party conference season, and called for major reform as part of an industrial strategy. - Guardian Three-quarters of UK firms are still struggling to recruit staff, research has found, but the post-pandemic "jobs boom" appears to be in decline, with hiring intentions continuing to fall last month. A survey by the British Chambers of Commerce found that 73% of the almost 5,000 companies it polled had faced hiring difficulties in the July to September quarter - a nine percentage point drop from the record high of 82% in the final three months of 2022. - Guardian

Europe's money-printing spree risks triggering bailouts across the Continent as governments pay the price of a decade of cheap money. BNP Paribas warned there was a growing risk that some of the bloc's biggest economies "may have to be recapitalised" as the European Central Bank (ECB) continues to shrink its balance sheet. - Telegraph

An executive who was appointed as global chief financial officer at EY at the start of this year has left after a plan to break up the group collapsed. Jamie Miller, who was poached in January from Cargill, the commodities trading company, was due to become finance chief of EY's consulting business if the firm's plan to split itself in two by demerging the unit had gone ahead. - The Times

Groceries from Waitrose could be sold via Amazon under a deal being discussed by the supermarket chain and the online retail group. Waitrose, owned by the John Lewis Partnership, is seeking to restore its shrinking market share through the tie-up after losing sales to cheaper rivals amid the cost of living crisis. - The Times

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Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph

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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