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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: defence spending, LSEG, Sports Direct

Wed 02 Sep 2026 07:21

(Sharecast News) - The chancellor, John Healey, must be prepared to raise taxes for middle earners if he wants to fund significantly higher defence spending, the Resolution Foundation thinktank has said. Healey resigned from Keir Starmer's government in June, protesting against what he argued was the then prime minister's failure to adequately fund defence. - Guardian The architect of the UK government's AI strategy has joined the US startup Anthropic in a senior role a year after stepping down from his Downing Street post. Matt Clifford, a successful tech investor, was appointed as AI opportunities adviser by Keir Starmer last year but resigned from the unpaid role six months later for personal reasons. Clifford is moving to Anthropic as managing director, international affairs, and will lead the company's engagement with governments outside the US including in the UK, Europe, Asia-Pacific and India. - Guardian

The London Stock Exchange (LSE) is turning to the technology behind cryptocurrencies in an attempt to revive the ailing market. The LSE has unveiled a partnership with Payward, the owner of the crypto firm Kraken, to launch tokenised stocks on its own exchange. The tokens will be listed on the company's new round-the-clock service LSE 24, which will allow overnight trading on weekdays. - Telegraph

Sky has accused the TV producer behind The Great British Bake Off of double-counting costs in an escalating legal row about the hit show. Letty Kavanagh, the former managing director of Love Productions, has launched a claim against Sky in the employment tribunal, alleging that the broadcaster drew up misleading financial accounts and then fired her when she blew the whistle. - Telegraph

The owner of Sports Direct has said it will contest a decision by Britain's advertising regulator to ban an advert that used price comparisons to promote a women's Puma top. In a statement, Frasers Group described the Advertising Standards Authority ruling, published on Wednesday, as "fundamentally wrong" and argued that the regulator's approach to so-called retail recommended prices (RRPs) was "out of touch" and dated. - The Times

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Thu 15 Oct 2026 07:19
Thursday newspaper round-up: Hospitality jobs, household bills, Netflix
(Sharecast News) - Bars, clubs and restaurants will offer up to 100,000 jobs to young people not in employment, education or training (Neet) over the next three years in an effort to give them a first step on the ladder into work. The move comes before the publication of a report on Neets by the former health secretary Alan Milburn, who has warned that the number of young people not in work or education in the UK could rise to 1.25 million over the next five years unless ministers intervene. - Guardian
Wed 14 Oct 2026 07:19
Wednesday newspaper round-up: Tariffs, BitMEX, Character.AI
(Sharecast News) - The business secretary has hit back at European demands for British tariffs on Chinese imports, saying the government will not change its trade rules because of pressure from Brussels. Jonathan Reynolds warned that the government would not bow to calls from other countries for the UK to hit Chinese vehicles with import taxes, despite political pressure to align with the EU in exchange for deeper future economic ties. - Guardian
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

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