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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: Independent bookshops, car makers, Boohoo

(Sharecast News) - Lidl, Zara's owner Inditex, H&M and Next have been accused of paying garment suppliers in Bangladesh during the pandemic less than the cost of production, leaving factories struggling to pay the country's legal minimum wage. In a survey of 1,000 factories in the country producing clothes for UK retailers, 19% of Lidl's suppliers made the claim, as did 11% of Inditex's, 9% of H&M's and 8% of Next's. - Guardian Independent bookshops largely saw "average" sales over the 2022 festive period, according to a new survey. A majority of bookshops - 39% - that took part in trade magazine the Bookseller's annual survey said they had average sales compared with the same period of 2021, while 29% of bookshops said the period was "very good". - Guardian

Carmakers plan to slash the number of electric vehicles they manufacture as the spiralling cost of battery-powered models makes them increasingly unaffordable for drivers, an industry body has warned. The Advanced Propulsion Centre (APC), a green energy group that sits between government and manufacturers, has slashed its estimate for UK EV production in 2025 by a quarter after just three months. - Telegraph

Fund manager Terry Smith has accused Unilever of "virtue signalling" rather than focusing on financial performance in a fresh salvo against the ice cream-to-deodorant maker. The stock picker, whose £22bn Fundsmith vehicle is the 15th largest shareholder in Unilever, accused the company of failing to listen to the concerns of investors and criticised the consumer goods giant's marketing. - Telegraph

Boohoo Group, the online fast-fashion retailer based in Manchester, is preparing to cut 100 jobs at its office in Soho, London. Most of the jobs under threat are in the ecommerce, buying and design departments. A consultation phase began last week but a decision on the final number of has not been made. From February 20 teams from brands that Boohoo bought such as Burton, Coast, Dorothy Perkins, Karen Millen, Oasis and Wallis will move under the Debenhams.com umbrella. - The Times

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - 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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