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Tuesday newspaper round-up: Royal Mail, private renters, Inmarsat

(Sharecast News) - Long-running talks between Royal Mail and the Communication Workers Union are on the brink of collapse, with the company's board thought to have threatened to put the loss-making postal service - the regulated UK entity that delivers to every address in the country - into a form of administration if a deal cannot be agreed. A politically explosive move to declare the postal service insolvent is regarded by Royal Mail's board as a last resort but has been raised with the union already. - Guardian Private renters face paying an additional £1bn in gas and electricity bills because of delays in the introduction of new standards forcing landlords to make their properties more energy efficient. The government has been criticised for dragging its feet on enacting new proposals that would require landlords to improve properties to at least a C rating under the energy performance certificate (EPC) scheme. - Guardian

Andrew Bailey has blamed a wave of early retirement for forcing up interest rates and inflation as Britain battles the steepest price rises of any large rich country. The Governor of the Bank of England said that a sharp decline in the number of people in the workforce was "part of the reason why we have had to raise Bank Rate by as much as we have". - Telegraph

A combined OneWeb and Eutelsat is set to list on the London Stock Exchange this year in a boost to the government's attempts to secure more large tech listings. Sunil Bharti Mittal, the Indian billionaire telecoms tycoon and executive chairman of OneWeb, whose conglomerate rescued the satellites company three years ago alongside the British government, said a secondary listing was a commitment negotiated by ministers, as part of plans for OneWeb to merge with Eutelsat of France, that "we will deliver". - The Times

Revenue at Inmarsat rose by 9 per cent last year to $1.47 billion, propelled by the satellite communications company's aviation business as the travel industry opened up after the pandemic. Its earnings before interest, tax and other charges jumped by 15 per cent to $850 million in 2022, despite component shortages hitting the availability of satellite phones. - The Times

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Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph

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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