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Wednesday newspaper round-up: International air fares, executive pay, Asos

(Sharecast News) - International air fares are likely to keep climbing from their current highs over the next 10-15 years, with the cost of sustainable fuels expected to drive up ticket prices, according to the global airlines body Iata. Extraordinary demand for travel since the Covid pandemic has led to steep fare rises on many routes, and Iata said consumers could expect to pay more as airlines increase the usage of scarce "greener" jet fuels in response to government mandates to cut aviation's carbon emissions. - Guardian Companies at the centre of the cost of living crisis have paid millions to their chief executives as households struggle with soaring bills. Sainsbury's and Marks & Spencer were joined by National Grid in handing huge pay packets to their bosses, according to annual reports released on Tuesday. - Guardian

Fears of a Labour tax raid after the next general election have prompted some business owners to accelerate plans to sell up, a new survey has found. Two thirds of UK owners of businesses with a turnover of at least £5m are preparing plans to exit their firm, according to research by wealth manager Evelyn Partners. - Telegraph

Lloyds Banking Group has threatened to put the owner of the Daily and Sunday Telegraph into administration after the breakdown of talks with the Barclay family, the owner of the newspapers. A restructuring and advisory group has been lined up as receivers. Sources indicated that insolvency practitioners from the firm could be appointed within days if talks are not resumed and an 11th-hour deal struck. - The Times

Suppliers to Asos have started to sever ties with the troubled retailer after credit insurers withdrew cover amid concerns over its falling profits. Asos - founded in 2000 under the name As Seen On Screen, selling imitations of clothes worn by television and film celebrities - was regarded as a trailblazer for fast-fashion thanks to its focus on twentysomething, smartphone-savvy shoppers and its swift service, which helped it to steam ahead of bricks-and-mortar rivals. - The Times

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Thursday newspaper round-up: Workers' rights, UK productivity, downsizers
(Sharecast News) - Rogue employers will be targeted by a beefed-up new enforcement agency to protect sweeping changes to rights at work for millions of Britons, set to be outlined in a "watershed" bill published on Friday. The Fair Work Agency will be created as part of the government's employment rights legislation, which will include stronger protections against unfair dismissal and exploitative contracts. - Guardian
Wednesday newspaper round-up: Telecoms companies, zero-hours contracts, Boeing
(Sharecast News) - The UK advertising watchdog has cracked down on marketing campaigns by telecoms companies including BT, EE, Virgin Media and O2 for misleading consumers about price rises added to their bills during their contracts. The Advertising Standards Authority (ASA) has issued a batch of rulings against ads run by BT, its subsidiaries EE and Plusnet, as well as TalkTalk, O2 and Virgin Media broadband. - Guardian
Tuesday newspaper round-up: Winter blackouts, Selfridges, Richemont
(Sharecast News) - Ticket sales for the Oasis reunion tour helped to increase non-essential spending by British consumers to the highest level this year in September, amid a bumper month for retailers. In a sign of resilience despite a pre-budget hit to consumer confidence, industry figures show retail sales and discretionary spending on entertainment, meals out and little luxuries rose sharply last month. - Guardian
Monday newspaper round-up: Retailers, Telegraph, pension funds
(Sharecast News) - More than 70 retailers, including Tesco, Marks & Spencer and Ikea, are lobbying the chancellor, Rachel Reeves, for a 20% cut to business rates, warning that the property tax could force tens of thousands of shops to shut. In a letter to Reeves coordinated by the British Retail Consortium (BRC), executives are pushing the Treasury to introduce a "retail rates corrector" on the levy, which is a property-based tax charged by local councils and imposed on businesses including retailers, pubs, factories and company offices. - 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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