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Thursday newspaper round-up: Brexit, Pret A Manger, THG

(Sharecast News) - Rishi Sunak is under growing pressure to offer more help to older workers who have fallen out of the workforce due to ill health, as official figures show a sharp increase in the rates of long-term sickness in every region of the UK except London. Highlighting deep regional divisions, figures from the Office for National Statistics show economic inactivity due to long-term sickness has increased most among 50 to 64-year-olds outside the capital since the Covid pandemic. - Guardian More than three-quarters of firms say the government's post-Brexit trade deal with the EU has not helped them to expand their business in the last two years despite promises that it was an "oven-ready" deal. A survey by the British Chambers of Commerce (BCC) has prompted the business lobby group to present the government with five urgent recommendations for enhancing the agreement, which has left many exporters struggling to sell into the EU under the current terms. - Guardian

Pret A Manger is axing almost all of its vegetarian-only stores as the novelty of meat-free branches wears off. The sandwich chain is to shut or rebrand 75pc of its Veggie Pret stores six years after they first launched. - Telegraph

Sir Tom Hunter, the billionaire investor and philanthropist, has reaffirmed his commitment to THG, insisting that Matt Moulding's struggling beauty-to-nutrition retailer has been a "a real success story" (Greig Cameron writes). Hunter, 61, has had a business relationship with Moulding, 50, since 2009 and been a vocal supporter even as THG - formerly The Hut Group - has stumbled. - The Times

Sharan Pasricha, the wealthy entrepreneur behind Gleneagles and the trendy Hoxton hotel chain, has collected an estimated €260 million by selling the underlying assets of the hotels in Amsterdam and Paris. The near €1 million per room paid by Schroders, the buyer of the two properties, is thought to be the biggest per-room price ever paid in Europe for a hotel without suites. - The Times

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Tuesday newspaper round-up: EU trade deal, Post Office, Nelson Peltz
(Sharecast News) - Keir Starmer's government has been told a closer EU trade deal is a "strategic necessity" for companies in Britain as growing numbers of exporters find it tougher to do business under the UK's post-Brexit agreement. Calling on Labour to accelerate its reset with Brussels, the British Chambers of Commerce (BCC) said the UK's existing trade and cooperation agreement (TCA) was failing to help them grow their sales in the EU. - Guardian
Tuesday newspaper round-up: EU trade deal, Post Office, Nelson Peltz
(Sharecast News) - Keir Starmer's government has been told a closer EU trade deal is a "strategic necessity" for companies in Britain as growing numbers of exporters find it tougher to do business under the UK's post-Brexit agreement. Calling on Labour to accelerate its reset with Brussels, the British Chambers of Commerce (BCC) said the UK's existing trade and cooperation agreement (TCA) was failing to help them grow their sales in the EU. - Guardian
Monday newspaper round-up: Turkeys, UK manufacturers, graduate jobs
(Sharecast News) - Several of the UK's big supermarkets have been forced to source turkeys from elsewhere in Europe to keep shelves stocked this Christmas, after avian flu curtailed UK production. Asda, Lidl and Morrisons are understood to be stocking branded turkey imported from mainland Europe - a move industry sources described as "unprecedented" - to "protect availability" and ensure sufficient supply for festive meals. - Guardian
Friday newspaper round-up: TikTok, BP, Hogan Lovells
(Sharecast News) - TikTok has signed a deal to sell its US business to three American investors - Oracle, Silver Lake and MGX - ensuring the popular social video platform can continue operating in the United States. The deal is expected to close on 22 January, according to an internal memo seen by he Associated Press and Reuters. The TikTok chief executive officer, Shou Zi Chew, said in the memo that ByteDance and TikTok have signed binding agreements with the three investors. - 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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