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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

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Tuesday newspaper round-up: Consumer spending, house prices, Octopus Energy
(Sharecast News) - UK consumers are reluctant to spend going into 2026 despite feeling almost as secure about their personal finances as they did at the beginning of the year, according to research. A study by the accountancy multinational KPMG found that concerns about the health of the UK economy were holding consumers back from spending, especially on eating out and big ticket items such as cars and furniture. - Guardian
Monday newspaper round-up: Elon Musk, gambling companies, Rolls-Royce CEO
(Sharecast News) - A surge in the price of silver to record highs this month has prompted a warning from Elon Musk that manufacturers could suffer the consequences. Silver has risen sharply during December, part of a precious metals rally that also pushed gold and platinum to record levels on Boxing Day. Analysts have attributed the jump in prices to expectations of US interest rate cuts by the Federal Reserve in 2026, leading to increased demand for hard assets that protect against inflation and currency debasement. - Guardian
Wednesday newspaper round-up: Train companies, Jes Staley, farmers IHT
(Sharecast News) - Train companies have been warned over price claims made on their ticketing websites after the advertising watchdog banned ads run by three sellers. The Advertising Standards Authority ruled that claims made for fares booked via ScotRail and Greater Anglia's website, as well as by a third-party ticketing site, My Train Ticket, were misleading. In all three cases, the ASA said, it found the companies could not provide evidence to show that people would get the lowest available price by booking train tickets through them. - Guardian
Tuesday newspaper round-up: EU trade deal, Post Office, Nelson Peltz
(Sharecast News) - Keir Starmer's government has been told a closer EU trade deal is a "strategic necessity" for companies in Britain as growing numbers of exporters find it tougher to do business under the UK's post-Brexit agreement. Calling on Labour to accelerate its reset with Brussels, the British Chambers of Commerce (BCC) said the UK's existing trade and cooperation agreement (TCA) was failing to help them grow their sales in the EU. - 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.

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