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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: Index of corruption, net zero, small businesses
(Sharecast News) - It would take 137 years for lower-income families in the UK to see their living standards double at the current rate of growth, according to a thinktank. A two-decade stagnation in disposable incomes has created a "mood of unease" across the country, the Resolution Foundation says, warning of the risk of "further political disruption" unless pay growth accelerates. In the 40 years to 2005, the typical disposable income of working-age families in the poorest half of the population doubled, after growing by 1.8% a year on average once adjusted for inflation, according to the thinktank. In the final decade of that period, growth in disposable incomes rose by 4% a year and looked on course to double within 18 years. - Guardian
Monday newspaper round-up: Train drivers, bank chairs, Ocado, cash ISAs
(Sharecast News) - Labour will introduce legislation to lower the minimum age for train drivers to 18 in the House of Commons this week, as figures show fewer than 3% of drivers on Great Britain's railways are under 30. The government is pressing ahead with its proposals for teenage recruits, lowering the minimum age from 20, in a move that ministers hope will stave off a potential shortage of thousands of drivers. - Guardian
Friday newspaper round-up: Amazon, Barclays, Epstein
(Sharecast News) - Amazon announced plans to spend $200bn on artificial intelligence and robotics this year, the latest tech giant to vow fresh enormous investments in the artificial intelligence arms race. The news of the investment comes one day after the Washington Post, owned by Amazon founder Jeff Bezos, announced it was cutting approximately a third of employees. - Guardian
Thursday newspaper round-up: Bond markets, Nike, ElevenLabs
(Sharecast News) - A government minister has defended long delays to a military spending plan that are also stalling the UK's next-generation Tempest fighter jet programme, but refused to say when it will be complete. The defence investment plan (DIP), originally expected last autumn, has faced repeated postponements amid warnings that the military faces a £28bn funding gap over the next four years. - 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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