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Thursday newspaper round-up: JCB, M&S, smart meters

(Sharecast News) - The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin's invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had "voluntarily paused exports" to Russia. - Guardian Marks & Spencer is teaming up with a recycling technology group to enable the retailer to trace what happens to its drinks bottles, cartons and other plastic packaging. The Polytag system prints an invisible tag on to containers, which can be picked up by electronic readers located at recycling centres. Products featuring the tags will begin appearing on shelves in the next three months. - Guardian

Car salesmen face a shortage of petrol vehicles under Rishi Sunak's net zero crackdown, one of Britain's biggest dealership chains has warned. Vertu Motors said sales of electric cars had "stalled" in the UK, raising the risk that manufacturers will miss sales targets mandated by law. Under the zero emissions vehicle (ZEV) mandate, 22pc of carmakers' sales must be electric this year with the target rising annually until it reaches 80pc in 2030. - Telegraph

Smart water meters must be made compulsory across all households to protect the UK against climate change, the National Infrastructure Commission (NIC) has warned. The government agency is urging ministers to ramp up the roll-out of devices, as it claims water supplies were becoming one of the country's biggest challenges. Without smart water meters, the NIC said the UK is at heightened risk of drought. - Telegraph

A challenger consultancy firm has been picking up staff recently cast aside by the Big Four as it readies itself for a rebound in merger and acquisition activity. DSW Capital, owner of the Dow Schofield Watts brand, has "invested significantly in recruitment" over the past 12 months. - The Times

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - 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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