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.

Sunday newspaper round-up: The Restaurant Group, Severn Trent, Facebook

(Sharecast News) - The Restaurant Group, owner of the Wagamama chain, is under increasing pressure to break up after TMR Capital proposed last week to management that it sell all its brands save that one. TMR was the fourth activist shareholder to make the case for change. Under the plans presented by TMR, Restaurant group should then focus on expanding the chain before going private via a sale. The clash on strategy comes amid a surge in the cost of ingredients, energy and salaries. - The Sunday Telegraph

Severn Trent and United Utilities are facing pressure to reduce their dividend payouts and bonuses in the wake of public consternation at the dumping of millions of tonnes of sewage into rivers and seas. In the case of United Utilities, the payouts are set to rise by 5% to £310m despite estimates pointing to losses at the water company as interest rate costs increase. Severn Trent meanwhile was expected to see its profits more than halve for the same reason. - Financial Mail on Sunday

An Irish regulator is planning to levy a £648m fine on Facebook, possibly as soon as Monday, and to order the social media giant to stop transferring data from its European users to the US. Facebook owner Meta was however expected to be granted a grace period to comply with the ruling from Ireland's Data Protection Commission. That could push the suspension of data transfers into the autumn and the company was expected to appeal. Furthermore, the US and EU have already agreed a new data transfer agreement at the political level, so that any suspension would be rendered meaningless. - Guardian

Legal & General Investment Management is at the fore of a revolt among McDonald's shareholders over the fast food giant's "overuse" of antibiotics and mass meat production. The asset manager was planning to table a resolution at the chain's annual meeting during the forthcoming week calling on it to institute WHO guidelines on drug use in its supply chain. The fear of those shareholders is that the company is fueling antimicrobial resistance which could lead to resistant superbugs in humans. Estimates are that AMR might cause £800m of economic damage by 2050. - Financial Mail on Sunday

Ministers are planning to scrutinise financial watchdogs more closely and to increase accountability for the decisions that they take in a bid to speed up the City of London's growth by adding an extra layer of independence to the framework for regulatory oversight. During the coming week, the Treasury would table an amendment to the Financial Services and Markets Bill that would give more powers to the Financial Regulators Complaints Commissioner, which supervises the FCA, PSR and PRA, with the Treasury being given the power to select the FRCC's chief. - The Sunday 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.