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: Clearview AI, Virgin Atlantic, Accenture, BT

(Sharecast News) - Volumes of goods shipped directly from Ireland to the EU on new Brexit-busting ferry routes have rocketed by 50% in the past six months as exporters seek to avoid travelling across land through Great Britain, according to official data. Figures published by the Irish Maritime Development Office (IMDO) show significant traffic diverted away from the traditional routes between Dublin and Britain to some of 32 new ferry services direct to ports such as Le Havre, Cherbourg and Dunkirk in France and Zeebrugge in Belgium. - Guardian

US company that gathered photos of people from Facebook and other social media sites for use in facial recognition by its clients is facing a £17m fine after the Information Commissioner's Office found it had committed "serious breaches" of data protection law. Clearview AI, which describes itself as the "world's largest facial network", allows its customers to compare facial data against a database of over 10bn images harvested from the internet. - Guardian

An effort by Virgin Atlantic to raise £400m in rescue funding has been thrown into doubt by fears of new travel curbs, raising concerns among industry observers about its prospects over winter. Sir Richard Branson's airline has been in talks with existing shareholders and lenders over a cash lifeline in recent weeks, after extended restrictions on travel from the UK to the United States forced it to shelve plans for a public listing. - Telegraph

Accenture will create 3,000 new jobs in the UK over the next three years as part of a push into technology services, with half of the roles to be based outside London. The professional services firm said the new jobs are being driven by increased client demand for services in cybersecurity, cloud engineering, data, intelligent operations and platforms. - Telegraph

The government is monitoring the situation at BT amid heightened takeover speculation surrounding Britain's biggest telecoms group. Uncertainty intensified yesterday after a report that Reliance Industries, the Indian oil-to-telecoms conglomerate controlled by Mukesh Ambani, India's richest businessman, was weighing a takeover bid. - The Times

Babcock International has been accused of failings in its provision of crucial training to firefighters before the Grenfell Tower fire. The inquiry into the 2017 disaster, which killed 72 people, heard last week that the outsourcing group had been more than two years late in completing a review of training for incident commanders at the time of the blaze. - The Times

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: Trade deals, fridge hacks, AMD
(Sharecast News) - Andy Burnham is preparing to announce billions of pounds of trade deals with the EU covering everything from youth visas to pet passports under his vision of a much closer relationship with the bloc. With the prime minister scheduled to meet his European counterparts in Brussels on 20 November, officials have all but agreed three deals that would allow farmers to sell freely to the continent and travellers to take their animals abroad more easily. - Guardian
Tuesday newspaper round-up: Poundland staff, Apple, Anthropic
(Sharecast News) - The founder of Poundland has warned that staff at the retailer could be out of work for "years" if it collapses, as he called on the owners of the troubled chain to accept a proposed buyout deal. Steve Smith, who set up the firm with a store in Burton upon Trent in 1990, said: "Once these jobs are lost, they are lost" from Britain's struggling high streets. His warning comes as the chain's 12,000 employees face uncertainty over their future in the run-up to Christmas. - Guardian
Monday newspaper round-up: Oil companies, mortgage payments, Chery Automobile
(Sharecast News) - The world's biggest oil companies are on track to amass profits of more than $95bn (£71bn) in the third quarter as the war in the Middle East drives up the price of fossil fuels. The windfall war profits have sparked calls for oil corporations such as Saudi Aramco and BP to pay for environmental damage and help the world transition towards renewable energy. - Guardian
Friday newspaper round-up: Binance, water bosses, entrepreneurs, Amazon
(Sharecast News) - The amount Britons can earn from a side hustle without paying tax will rise to £3,000 next year in a fillip for those who make extra cash from hobbies or reselling. Up to 1.4 million people could benefit from the change announced in the budget, with the chancellor confirming the tax-free "trading" allowance will increase from £1,000 to £3,000 in April 2027. - 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.