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: Neuralink, BP, EY, VAT-free shopping

(Sharecast News) - The UK has fallen to its lowest-ever position in Transparency International's corruption perceptions index, which ranks countries by experts' views of possible corruption in public services. The UK fell from 18th (out of 181 countries) in 2022 to 20th in 2023, its lowest position since the research was revamped in 2012. It means that, according to the research, Britain is seen as more corrupt than Uruguay and Hong Kong. - Guardian Elon Musk, Neuralink's billionaire founder, said the first human received an implant from the brain-chip startup on Sunday and is recovering well, in a post on Twitter/X on Monday. The US Food and Drug Administration (FDA) had given the company clearance last year to conduct its first trial to test its implant on humans. - Guardian

BP is facing fresh demands to scrap "irrational" net zero commitments championed by former chief executive Bernard Looney, after an activist investor claimed they have left shareholders £40bn poorer. The FTSE 100 oil giant was on Monday accused of pursuing an unrealistic strategy by Bluebell Capital Partners, the investor that has taken a minority stake in BP after previously taking on blue chip heavyweights Glencore and Danone. - Telegraph

EY has started to track more closely how often its UK staff are coming into the office amid concerns that many of its accountants and consultants are ignoring its hybrid working guidelines. In recent weeks some senior partners and team managers at the Big Four firm have been granted access to anonymised swipe card entry data showing how frequently its 21,000 UK staff are attending its offices. - The Times

The government's decision to scrap VAT-free shopping for tourists is costing the economy £11.1 billion in lost GDP and deterring about two million foreign visitors each year, according to an analysis by the Centre for Economics and Business Research (CEBR). The number of tourists coming to the UK still remains around one million visitors short of pre-pandemic levels and spending by tourists in real terms has also failed to recover fully. - The Times

Share this article

Related Sharecast Articles

Sunday share tips: PPHE, Keystone Law
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of PPHE an "attractive long-term buy" citing their valuation.
Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.