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.

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

Share this article

Related Sharecast Articles

Monday newspaper round-up: Wind power, JLR, business rates, Heathrow
(Sharecast News) - The UK and nine other European countries have agreed to build an offshore wind power grid in the North Sea in a landmark pact to turn the ageing oil basin into a "clean energy reservoir". The countries will build windfarms at sea that directly connect to multiple nations through high-voltage subsea cables, under plans that are expected to provide 100GW of offshore wind power, or enough electricity capacity to power 143m homes. - Guardian
Friday newspaper round-up: JPMorgan Chase, Apple, Nigel Farage
(Sharecast News) - Donald Trump has sued JPMorgan Chase and its CEO, Jamie Dimon, for at least $5bn after accusing America's largest bank of "debanking" him. The US president alleged that the bank stopped offering him banking services in the wake of the Capitol riot on January 6. Earlier this month, he claimed it had "incorrectly and inappropriately" discriminated against him. - Guardian
Thursday newspaper round-up: AI, BBC, KPMG
(Sharecast News) - Jamie Dimon, the boss of JP Morgan, has said artificial intelligence "may go too fast for society" and cause "civil unrest" unless governments and business support displaced workers. While advances in AI will have huge benefits, from increasing productivity to curing diseases, the technology may need to be phased in to "save society", he said. - Guardian
Wednesday newspaper round-up: Super-rich taxes, fossil fuel companies, farmers
(Sharecast News) - Nearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes on the super-rich, amid growing concern that the wealthiest in society are buying political influence. An open letter, released to coincide with the World Economic Forum in Davos, calls on global leaders attending this week's conference to close the widening gap between the super-rich and everyone else. - 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.