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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: Workers' rights, Severn Trent, Superdry

Tue 20 Feb 2024 07:44

(Sharecast News) - Union leaders have warned business groups against pushing Keir Starmer to water down Labour's plans to introduce sweeping reforms of workers' rights and a ban on zero-hours contracts. As the Labour leader comes under pressure from industry to scale back its shake-up of employment laws, the Trades Union Congress (TUC) said the plans were "extremely popular" with voters and good for the economy. - Guardian Severn Trent has been fined more than £2m for polluting the River Trent near Stoke, with the Environment Agency calling its storm contingency plans "woefully inadequate". Huge amounts of raw sewage were discharged into the river from Strongford wastewater treatment works near Stoke-on-Trent, Staffordshire, between November 2019 and February 2020. - Guardian

The universities' pension scheme has rejected a demand from academics to dump its investments in Israel, in a row over whether the conflict in Gaza can be branded "genocide". The University and College Union (UCU), which represents more than 120,000 academics and support staff, wrote to the Universities Superannuation Scheme (USS) at the end of last month, urging "an immediate review" of assets linked to Israel's administration. - Telegraph

The London restaurant owned by viral chef Salt Bae has defied the cost of living crisis as wealthy diners continue to splash out on steaks worth hundreds of pounds. Nusr-Et Steakhouse in Knightsbridge raked in millions of pounds in 2022 as the business cashed in on the popularity of owner Nusret Gökçe, otherwise known as Salt Bae. The celebrity chef has built a global restaurant empire ever since a viral video in 2017 showed him extravagantly cutting meat and sprinkling salt. - Telegraph

A prominent US investor is among the parties being courted by Superdry's founder as he assembles an offer to take the struggling fashion chain private. Sky News has learnt that Davidson Kempner, which has backed a number of UK retailers, is in discussions with Julian Dunkerton about backing an offer for Superdry. - Sky News

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Tue 13 Oct 2026 07:17
Tuesday newspaper round-up: IMF warning, Poundland, Burberry
(Sharecast News) - The global economy "could soon test the limits of resilience", as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned. In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. It said the rerouting of oil supplies away from the strait of Hormuz, and the release of strategic energy stocks, had helped to contain the impact on oil prices from the US-Iran war. - Guardian
Mon 12 Oct 2026 07:23
Monday newspaper round-up: Budget, van drivers, Heathrow
(Sharecast News) - John Healey has been warned by Britain's leading tax and spending experts that his budget risks being a "work of fiction" unless he sets out plans to cover £35bn in spending pressures. As the war in the Middle East rattles the public finances, the Institute for Fiscal Studies (IFS) said the damage from higher inflation meant the chancellor would need to either top up funds for his current government spending plans or impose deep real-terms cuts by the end of the decade. - Guardian
Fri 09 Oct 2026 07:23
Friday newspaper round-up: Goldman Sachs bonuses, TalkTalk, credit card defaults
(Sharecast News) - Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank's history. The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75.6m) of the reward, which is made up of Goldman Sachs stock. That is more than double the value of the record $47m (£35.5m) annual pay packet he was granted last year. - Guardian
Thu 08 Oct 2026 07:18
Thursday newspaper round-up: Live petrol prices, Lotus, Taylor Wimpey
(Sharecast News) - Drivers will be able to see live petrol prices on Google Maps for the first time from Thursday, in a move that will help motorists shop around for the cheapest fuel. Millions of motorists will be able to find the cheapest petrol and diesel prices by searching for a local forecourt in the Google app, in what could prove to be "a major development" in making fuel prices more fair, according to campaigners. - Guardian

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