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Wednesday newspaper round-up: Channel 4, Jaguar Land Rover, Thames Water

(Sharecast News) - European companies are increasingly lobbying for strong climate action, research has found, in a "profound shift" that analysts say challenges the narrative that businesses see green rules as a threat to profits. The share of companies whose corporate lobbying is "aligned" with pathways to meet global climate goals rose from 3% in 2019 to 23% in 2025, according to an analysis of 200 of the largest European companies by InfluenceMap, while the share of companies who were deemed "misaligned" fell from 34% to 14%. - Guardian Thousands of migrant workers are likely to die in Saudi Arabia as a result of a building boom fuelled by the 2034 World Cup and other major construction projects, human rights groups have warned. The Gulf kingdom has seen a surge in demand for cheap migrant labour, with a significant increase in foreign workers since 2021, as it starts preparations for hosting the World Cup and drives forward projects including the futurist megacity Neom. - Guardian

The former boss of broadband provider TalkTalk is bidding to become the first woman to chair Channel 4. Dame Tristia Harrison is among the contenders to replace Sir Ian Cheshire, The Telegraph has learnt. She served as chief executive of TalkTalk from 2017 until late last year. - Telegraph

The boss of Jaguar Land Rover (JLR) has refused to rule out producing cars in America in an effort to avoid tariffs. Adrian Mardell, JLR's chief executive, said the company had no plans to move production across the Atlantic but could not dismiss the possibility for the future amid lingering questions about how the UK-US trade pact will work in practice. - Telegraph

Thames Water's chairman has apologised to customers while insisting it is "not a failing company" and saying that hundreds of thousands of pounds worth of recent bonuses for bosses were justified. Sir Adrian Montague told MPs on Tuesday that he wanted to apologise for "letting customers down" in recent years and at times causing people "real hardship". - The Times

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Thursday newspaper round-up: Höfner, Sotheby's, Christie's
(Sharecast News) - Ministers and senior MPs have warned that the UK's agreements with Donald Trump are "built on sand" after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The "milestone" US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. - Guardian
Wednesday newspaper round-up: Grangemouth ethylene plant, Warner Bros, ChatGPT
(Sharecast News) - Jim Ratcliffe's chemicals company Ineos has been granted £120m of government funding to help save the UK's last ethylene plant at Grangemouth, in a deal expected to protect more than 500 jobs. The investment in the Scottish plant was necessary to preserve a vital part of the country's chemicals infrastructure, the UK government said. The ethylene produced there was essential for medical-grade plastics production, water treatment and in aerospace and car-building, it added. - Guardian
Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - 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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