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.

Tuesday newspaper round-up: City & Guilds, water companies, home ownership

(Sharecast News) - The new owners of the vocational training body City & Guilds appear to have more than tripled the pay of its top six executives right at the moment the company is cutting £22m of costs and shrinking its UK workforce. The large increases to salary and bonuses have emerged during a scandal over the sale of the qualification awards business by its former owner, the UK charity City & Guilds London Institute (CGLI), to the international certification company PeopleCert. - Guardian Water companies could be let off fines for polluting the environment under changes announced in the government's new white paper. The environment secretary, Emma Reynolds, hailed the changes as "once-in-a-generation reforms" featuring "tough oversight, real accountability and no more excuses". Campaigners called the proposed move to soften the approach to fines "desperate", and said the government was letting companies off the hook. - Guardian

At least 1.5 million people have been locked out of homeownership because of Britain's housing crisis, developers have warned. The scale of declining homeownership has been laid bare in a new report from the Home Builders Federation (HBF), which has blamed a lack of affordability among first-time buyers. - Telegraph

The UK has retained its ranking among global chief executives as the second most important market for international investment, beaten only by America, but international rivals are "gaining ground". Last year, Britain also secured second place in the annual global CEO survey, the highest position secured by the nation in the 29-year history of the research by PwC. - The Times

More than 10,000 businesses in Britain may save time and money as a result of plans to scrap 33 outdated restrictions, the competition regulator has claimed. The Competition and Markets Authority has set out proposals to ditch so-called "remedies" that were introduced to restrict monopolists or curb other anti-competitive behaviour. - The Times

Share this article

Related Sharecast Articles

Thursday newspaper round-up: Self-driving taxis, ENRC, Barclays
(Sharecast News) - Andy Burnham moved to calm volatile bond markets on Wednesday as surging borrowing costs threatened to wreck plans for his government's crucial first budget next month. After a days-long sell-off of government bonds - and with the chancellor, John Healey, facing the prospect of sharply reduced spending power, Burnham used his first appearance at prime minister's questions to promise decisions would be "grounded in fiscal responsibility". - Guardian
Wednesday newspaper round-up: defence spending, LSEG, Sports Direct
(Sharecast News) - The chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the Resolution Foundation thinktank has said. Healey resigned from Keir Starmer's government in June, protesting against what he argued was the then prime minister's failure to adequately fund defence. - Guardian
Monday newspaper round-up: House prices, German economy, ChatGPT, Capita
(Sharecast News) - A house near a top state secondary school costs an extra £40,000 on average, according to research that reveals education premiums that rank alongside some private school fees. The average property in a postcode district that includes a top 50 state secondary commands a price tag of £415,791, compared with £375,217 across the wider local authority areas in which those schools are located, a UK-wide analysis by the estate agent Yopa found. - Guardian
Friday newspaper round-up: Anthropic, BBC, crypto investors
(Sharecast News) - A clampdown on "rogue bailiffs" has been launched by Andy Burnham amid concerns that vulnerable people are being overcharged and face aggressive behaviour. In the latest in a series of "everyday fixes" to ease the cost of living and "make Britain fairer", the prime minister said he was strengthening the rules that apply to bailiffs in England and Wales to better protect people in debt. He also announced measures to target "cowboy" tradespeople, including builders who rip off homeowners. - 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.