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Monday newspaper round-up: FTSE 100 CEOs, Barclays, business fears

(Sharecast News) - The chief executives of FTSE 100 companies will have made more money in 2025 by midday on Monday than their average worker does in a whole year, according to the latest measure of inequality between bosses and their employees. Median pay for FTSE 100 chief executives is £4.22m, 113 times the median full-time worker's pay of £37,430, according to the High Pay Centre, a campaign group. That means UK bosses will exceed their workers' annual pay within 29 hours - or at about 11:30am on Monday, if they started work straight after the new year holiday. - Guardian Labour must offer extra support to working parents, including with childcare and commuting, if it is to fulfil its promise of cutting child poverty, the Resolution Foundation thinktank has argued. The government's manifesto promised an "ambitious strategy" on child poverty, and ministers have said they will publish a 10-year plan in the spring. - Guardian

Barclays has been criticised for paying mystery shoppers to pretend to be blind or deaf in an attempt to test the response of branch staff. The National Federation of the Blind of the UK (NFBUK), which campaigns for blind and partially sighted people, said the bank's stunt was an "insult" to blind people and "totally inappropriate". - Telegraph

Business fears over taxation have hit a record high in the wake of Rachel Reeves's "devastating" Budget, according to a new survey by the British Chambers of Commerce (BCC). Almost 63pc of businesses said they were concerned about the tax burden, findings show, up from 48pc three months ago and a higher proportion than ever before. - Telegraph

The competition between Jeff Bezos and Elon Musk, the billionaire technology tycoons, is set to intensify after Amazon signalled it could start a satellite-based high-speed broadband service in the UK as early as this year. The move by Amazon, which was disclosed in filings by the American tech company with Ofcom, Britain's communications regulator, would help Bezos make up ground against Musk's Starlink service, which started launching satellites in 2019 and now has more than 6,700 in orbit. - The Times

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Friday newspaper round-up: Pint prices, Nissan, SpaceX
(Sharecast News) - Rachel Reeves's tax raid on employers will push up the price of a pint, the boss of pub chain Young's has warned. Simon Dodd, the chief executive, said Young's plans to increase prices between 3pc and 3.5pc because of the increased cost of National Insurance (NI) contributions paid by employers, which comes into effect from April. - Telegraph
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(Sharecast News) - The UK government has promised a record £410m investment in nuclear fusion which could help construct a world-leading fusion power project on the site of an old coal plant in Nottinghamshire. Ministers hope the funding, which will be made available for the coming financial year, will support the rapid development of the UK fusion energy sector and deliver "a future powered by limitless clean energy". - Guardian
Wednesday newspaper round-up: Funeral costs, Frasers Group, KKR
(Sharecast News) - The "cost of dying" has hit a record high, prompting growing numbers of grieving UK families to turn to crowdfunding or sell possessions to help pay for a funeral, according to a report. The average cost of a basic funeral has increased by 3.5% in a year to hit an "all-time high" of £4,285, according to the insurer SunLife, which has been monitoring UK funeral costs for two decades. - Guardian
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(Sharecast News) - Taxpayers are being asked to shoulder £1bn in debt amassed by a bankrupt Surrey council that will be merged in the government's plan for the biggest transfer of powers to England's regions this century. Posing a fresh financial headache for the government, councillors in Surrey have requested that ministers "write off" £1bn in debt held by troubled Woking borough council to enable a merger between the county's 12 local authorities. - 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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