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: 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
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
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
Friday newspaper round-up: Volkswagen, Very Group, Harvey Nichols
(Sharecast News) - The car company Volkswagen has announced it will shed 100,000 jobs by the end of the decade after being hit by US tariffs and fierce competition from Chinese rivals. The German manufacturer said management and unions had agreed as part of a sweeping cost-cutting plan to cut a further 50,000 positions by 2030, bringing total job losses in the pipeline to 100,000. - 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.