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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.

Thursday newspaper round-up: Debenhams, rail staff, high street premises

(Sharecast News) - Nearly 90% of former Debenhams stores remain empty almost a year after the department store closed its doors for the last time, in a sign of the challenge to reinvent high streets across the country. The empty shops are among nearly 8,000 outlets left empty last year, according to a report by the high street analysts Local Data Company (LDC), as Covid lockdowns accelerated the shift towards shopping online and pummelled city centres. - Guardian Former prime minister Gordon Brown has warned the chancellor, Rishi Sunak, that millions more people will be plunged into fuel poverty unless the government uses next week's spring statement to ease the UK's cost of living crisis. A letter to the chancellor, organised by Brown and signed by more than 70 Labour local government leaders, urged the chancellor to adopt a five-pronged approach to help those struggling to make ends meet. - Guardian

Michael Gove is preparing to use a legal loophole to help councils exit contracts with Russian energy giant Gazprom. The Communities Secretary is drawing up plans to use obscure legislation that says public bodies must favour contracts that represent good social value. Officials are hoping the laws under the Social Value Act will allow councils to walk away from Gazprom deals without having to pay huge exit fees. - Telegraph

Tens of thousands of railway staff are to be forced to work on weekends under Whitehall plans that threaten to spark a war with trade unions. Workers must "shift to today's reality" as outdated weekday-only shift patterns come to an end, rail minister Wendy Morton told an industry conference in London. - Telegraph

The number of empty shops and restaurants in Britain has fallen for the first time since 2018, prompting hopes that a post-pandemic recovery may be under way. In the second half of last year the national vacancy rate declined by 0.1 per cent from the first half to reach 14.4 per cent of all shops, according to the Local Data Company. The drop is the first decline in national vacancy rates in three years. - The Times

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Wednesday newspaper round-up: UK energy summit, Grant Thornton, Nvidia
(Sharecast News) - China is to snub a major UK summit on energy security next week, the Guardian has learned, amid a growing row over the country's involvement in UK infrastructure projects. The US will send a senior White House official to the 60-country summit, to be co-hosted with the International Energy Agency. Leading oil and gas companies are also invited, along with big technology businesses, and petrostates including Saudi Arabia, Qatar and the United Arab Emirates. - Guardian
Tuesday newspaper round-up: UK business confidence, Nvidia, Vistry
(Sharecast News) - UK business confidence has fallen to the lowest level for more than two years amid growing concern over tax rises and Donald Trump's escalating trade war, according to a survey. Highlighting the risks to the economy, the Institute of Chartered Accountants in England and Wales (ICAEW) said the first quarter of the year had been "harrowing" for companies across Britain. - Guardian
Tuesday newspaper round-up: UK business confidence, Nvidia, Vistry
(Sharecast News) - UK business confidence has fallen to the lowest level for more than two years amid growing concern over tax rises and Donald Trump's escalating trade war, according to a survey. Highlighting the risks to the economy, the Institute of Chartered Accountants in England and Wales (ICAEW) said the first quarter of the year had been "harrowing" for companies across Britain. - Guardian
Monday newspaper round-up: British Steel, Viagogo, tariffs
(Sharecast News) - British Steel is to deploy emergency measures in a race against time to save the blast furnaces at Scunthorpe, as the business secretary refused to guarantee the plant could get what it needed in time. The company is understood to be looking at offers of help from more than a dozen businesses to obtain materials such as iron ore and coking coal, potentially allowing it to avoid the temporary shutdown of one of the two furnaces. - 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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