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: Lloyd's of London insurers, rail strikes, Anglo American

(Sharecast News) - Insurers operating in the Lloyd's of London market are the world's biggest underwriters of fossil fuel projects, research has found. Fifty years after the insurance industry first warned about the impact of the climate crisis, it is continuing to contribute to the climate emergency, the Insure Our Future campaign, a global group of 24 NGOs, said in its annual "scorecard" on 30 major insurers and their involvement in fossil fuels. - Guardian The RMT union has reached a possible deal with train operators to resolve their long-running national rail dispute, allaying fears of a repeat of last year's Christmas strikes. The union, which represents 20,000 crew and station staff, has drawn up a "memorandum of understanding" (MOU) with employers to ballot members at train operating companies over a deal that would backdate the 2022 pay rise and extend guarantees over jobs until the end of 2024. - Guardian

Marks & Spencer's turnaround is well on track, with the department store reclaiming its crown as Britain's biggest women's wear retailer and food sales booming. Shares surged nearly 10pc after the retailer unveiled a jump in half-year profit and surging sales. - Telegraph

The UK's biggest semiconductor manufacturer has been acquired by an American rival after the government forced its owner to sell the business over its links to China. Vishay agreed to buy Newport Wafer Fab (NWF) from Nexperia for $177 million in cash yesterday, bringing to an end a year of uncertainty about the future of the facility and its staff. - The Times

The estimated cost of Britain's largest private sector infrastructure project to build a fertiliser mine in Yorkshire has tripled in seven years. Anglo American's Woodsmith project involves extracting polyhalite, a nutrient-rich fertiliser, from a mile beneath the North York Moors National Park, near Whitby, and transporting it on a conveyor belt through a 23-mile tunnel to Teesside for processing. - The Times

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - 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.