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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.

Wednesday newspaper round-up: Amazon, EY, Entain, smart meters

Wed 14 Jun 2023 07:21

(Sharecast News) - Amazon has been accused of being "no friend of the small business" after a report discovered evidence that the online marketplace has ramped up fees and advertising costs for sellers. It found that between 2017 and 2022 Amazon had tripled the amount it earned from fees for independent sellers in Europe, including for listings, deliveries and digital support. That growth far outstripped the rise in sales, which doubled over the same period. - Guardian Woking council plans to sever ties with the Northern Irish developer behind a skyscraper venture that helped tip the tiny Surrey local authority into effective bankruptcy. Amid ballooning costs and delays, a dramatic plunge in the value of the council's Victoria Square development - which is 52% owned by Moyallen, a business from Dungannon, County Tyrone - is at the centre of the local authority's financial meltdown. - Guardian

EY's global boss is set to leave the firm after his plan to split its consulting and accountancy arms fell apart. Carmine Di Sibio, global chief executive of the Big Four firm, told partners on Tuesday that he plans to retire next summer, despite receiving an extension last year to remain in the position until June 2025. - Telegraph

Entain, the Ladbrokes and Coral owner, said last night that it planned to bid about £750 million for Poland's STS Holding, a sports betting company, and has secured backing from the two biggest shareholders. Mateusz Juroszek and his father, Zbigniew Juroszek, together own about 70 per cent of the shares in STS and have accepted the offer, the London-listed gambling group said. - The Times

Britain's rollout of energy smart meters is facing more delays and cost increases amid a shortage of installation engineers and claims that many households do not want the devices, the public spending watchdog has warned. The meters transmit real-time usage data to suppliers and are seen as crucial to enabling a modern energy system and encouraging households to save energy. - The Times

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Thu 10 Sep 2026 07:24
Thursday newspaper round-up: Migration, air traffic control, triple lock
(Sharecast News) - Andy Burnham must overhaul Shabana Mahmood's migration reforms or risk overstretching social care and fuelling far-right sentiment, the TUC general secretary, Paul Nowak, has warned. Speaking ahead of the TUC's annual congress in Brighton next week, Nowak welcomed the "sense of optimism" around Burnham's fledgling government, but he urged the PM to act in a series of areas, including migration and the cost of living. - Guardian
Wed 09 Sep 2026 07:22
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
Tue 08 Sep 2026 07:24
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
Mon 07 Sep 2026 07:25
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

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