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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: Sainsbury's, manufacturing, inflation

(Sharecast News) - The Queen's bank, Coutts & Co, and the Coal Pensions Board have joined a group of investors backing a resolution calling for Sainsbury's to pay the independently set living wage for all staff and contracted workers. The vote at the UK's second-largest supermarket's annual shareholder meeting on 7 July will be the first on a resolution committing a UK company board to pay the living wage. ShareAction, the responsible investment campaign group, said the resolution would be a "litmus test for investors' social commitments amid the cost-of-living crisis". - Guardian

Britain's army of more than a million small and medium-sized businesses are stockpiling raw materials and ordering components six months ahead to overcome supply shortages that prevent them from meeting customer demands. With construction costs reaching fresh record highs and import prices surging following a fall in the pound, businesses reported that much of their cash was tied up in securing the basic raw materials and components needed to supply customers. - Guardian

The world is on the "tipping point" of falling into a period of runaway inflation in which soaring prices become embedded and difficult to control, the Bank for International Settlements (BIS) has warned. In its annual economic report, the BIS said leading economies faced entering a world in which soaring prices become embedded and difficult to control. - Telegraph

Britain's biggest microchip factory is likely to be closed and production shifted to Shanghai if ministers allow a Chinese takeover of the business to go ahead, a report has warned. Researchers at the Policy Exchange think tank claimed there was a "strong possibility" that Newport Wafer Fab's new owner, Nexperia, will in future seek to move the company's facilities out of South Wales. - Telegraph

By the time the City regulator introduced new rules for the once promising peer-to-peer lending sector in late 2019, the game was all but up. Platforms with a quarter of a billion pounds in active loans collapsed in chaotic fashion, while many remaining players were in the process of leaving the market or were soon to do so. - The Times

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(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
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(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.

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