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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: 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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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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