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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: Nvidia, Rishi Sunak, M&S

Thu 06 Jun 2024 07:23

(Sharecast News) - Shares of Nvidia rallied to record highs on Wednesday, with the artificial-intelligence chipmaker's stock market valuation hitting the $3tn mark and overtaking Apple to become the world's second most valuable company. The chipmaker's stock was up 5.16% at $1,224.40, giving Nvidia a market value of $3.01tn at market close. Apple's market capitalization was at $3.00tn at market close as its stock climbed 0.78%. - Guardian The UK's statistics watchdog has opened an investigation into remarks made by Rishi Sunak about the economy "going gangbusters" amid concerns that politicians could misuse economic data in the run-up to the election. Sir Robert Chote, chair of the UK Statistics Authority, will examine whether the prime minister repeated comments that were "taken out of context" and exaggerated the Conservative party's economic record. - Guardian

Germany has announced €23bn (£20bn) in income tax cuts to help struggling households with inflation. Christian Lindner, the German finance minister, on Wednesday laid out plans to raise income tax thresholds. The move will be worth €430 for every working adult in Germany over the next two years. - Telegraph

A decision to award the contract to run the National Lottery was "unfairly favourable" to Czech bidder Allwyn, lawyers for former Daily Express owner Richard Desmond have claimed. In the High Court on Wednesday, lawyers for the media mogul's Northern & Shell alleged there were conflicts of interest during the bidding process to run the prize for the next decade and that the competition was "seriously flawed". - Telegraph

A director of Marks & Spencer Group (M&S) is quitting the retailer's board after being blindsided about the poaching of its new finance chief from another company he chairs. Sky News has learnt that Andrew Fisher, a long-serving M&S non-executive director, only discovered late in the recruitment process that M&S intended to hire Alison Dolan from Rightmove, the listed digital property portal, as its chief financial officer. - Sky News

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Thu 10 Sep 2026 07:24
Thursday newspaper round-up: Migration, air traffic control, triple lock
(Sharecast News) - Andy Burnham must overhaul Shabana Mahmood's migration reforms or risk overstretching social care and fuelling far-right sentiment, the TUC general secretary, Paul Nowak, has warned. Speaking ahead of the TUC's annual congress in Brighton next week, Nowak welcomed the "sense of optimism" around Burnham's fledgling government, but he urged the PM to act in a series of areas, including migration and the cost of living. - Guardian
Wed 09 Sep 2026 07:22
Wednesday newspaper round-up: Air traffic control breakdown, Bet365, consumer finance claims
(Sharecast News) - Flight delays and cancellations were expected to continue into Wednesday at UK airports after another air traffic control failure kept planes grounded for hours, affecting hundreds of thousands of passengers. At least 177 flights scheduled for Wednesday to and from UK airports had been cancelled, plane tracking site Flightradar24 said, "nearly all at London Heathrow". More than 1,000 were cancelled by about 8pm on Tuesday. - Guardian
Tue 08 Sep 2026 07:24
Tuesday newspaper round-up: UK retailers, Volkswagen, stock market funds
(Sharecast News) - UK retailers plan to create up to 100,000 short-term placements for young people not in employment, education or training (Neet) over the next three years to give them a first step on the ladder to paid work. In partnership with the Department for Work and Pensions (DWP), more than 40 retailers, including Marks & Spencer, Pets at Home, Asda and the John Lewis Partnership, will offer Neets aged 18-24 placements of two to four weeks to gain "the skills and confidence needed to take their first step into work". - Guardian
Mon 07 Sep 2026 07:25
Monday newspaper round-up: JLR, family-owned manufacturing businesses, airline passengers
(Sharecast News) - Professional designers should not feel "threatened" by the rapid growth of generative AI, according to business leaders, despite fears over job losses in the sector. With design and film production companies and manufacturers all adopting AI at an accelerating pace, industry bodies said the technology would be used to enhance the work of designers rather than replace them. - Guardian

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