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: Retail jobs, online chatbots, Meta, Zopa

(Sharecast News) - Nearly 15,000 British retail jobs have already been cut since January in a "brutal start to the year" for the high street. A total of 14,874 retail job losses have been announced by companies so far, according to analysis from the Centre for Retail Research (CRR). - Guardian Online chatbots such as ChatGPT will be regulated under new internet legislation, the Government has confirmed. Lord Parkinson, a junior minister in the department for culture, media and sport, said artificial intelligence bots would be covered by the Online Safety Bill, which is currently going through parliament. - Telegraph

Facebook's parent company Meta has launched a paid-for subscription service for the first time as it struggles with falling advertising revenues. Mark Zuckerberg, founder and chief executive, said Meta Verified will cost users $11.99 (£9.96) a month and include extra features such as verified accounts and increased security. - Telegraph

Zopa does not need to focus on profitability "at all costs" in pursuit of an initial public offering, an investor and former board member of the bank has said. The digital-only lender has long said that reaching profitability would be a precondition for floating the business, and it was on track for that target during the final quarter of last year. - The Times

HM Revenue & Customs "prioritised" payouts under a high-risk tax credit scheme to boost small businesses during the pandemic before having to pause claims due to abuse and fraud. The £6.6 billion research and development (R&D) tax credit scheme forms a key part of the government's industrial strategy by supporting innovative companies, but an investigation by The Times last year revealed that businesses were putting in "spurious" claims for projects such as vegan menus and staff performance reviews. - The Times

Share this article

Related Sharecast Articles

Sunday share tips: PPHE, Keystone Law
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of PPHE an "attractive long-term buy" citing their valuation.
Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - 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.