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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.

Thursday newspaper round-up: Post Office, Boohoo, gas supplies

(Sharecast News) - The Post Office and the government need to speed up compensation payments to workers who were victims of the Horizon IT scandal, according to a report by an influential group of MPs. MPs from parliament's Business, Energy and Industrial Strategy (BEIS) committee have expressed concerns about the time taken to make settlements to former Post Office operators who were wrongfully convicted as a result of errors in the company's computer accounting system. - Guardian A promotion by the fast-fashion retailer Boohoo that used "sexually suggestive" images of a model in an oversized T-shirt and thong-style bikini bottoms has been banned by the UK advertising watchdog for objectifying and sexualising women. The online retailer used several images of the model, including a shot taken from the rear of her kneeling and another of her sitting with her legs apart, which prompted a complaint to the Advertising Standards Authority (ASA) that the promotion was offensive, harmful and irresponsible. - Guardian

European Commission president Ursula von der Leyen has insisted the bloc can cope if Russia decides to "weaponise" gas supplies amid tensions over Ukraine. Ms Von der Leyen said "a number" of countries were ready to step up shipments of gas to Europe and it was now on the "safe side" for keeping households and businesses supplied this winter. - Telegraph

The owner of Facebook has suffered another setback after Google said it would stop advertisers tracking users across apps on Android phones, following in the footsteps of Apple. Google said it wanted to "raise the bar for user privacy" by changing the way marketers could collect data as people move between apps on phones that use Android, the mobile operating system it owns that works on about two-thirds of mobile devices around the world. - The Times

The $2.6 trillion cryptomarket is evolving rapidly and could quickly pose a risk to financial stability, global regulators have warned.The Financial Stability Board, which co-ordinates rules for the G20 economies, urged watchdogs around the world to work together to tackle the potential hazards posed by digital assets. - The Times

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Thursday newspaper round-up: Asda, Post Office, M&S, Frasers Group
(Sharecast News) - The owners of Asda are facing mounting pressure after figures showed the struggling supermarket chain's share of the grocery market reached a "new nadir" as sales fell sharply this summer. The grocer's sales fell 6.4% in the three months to 10 August, equivalent to more than £2bn in annual lost revenues, as it became the only member of the traditional "big four" supermarkets to see sales shrink, according to analysts at NIQ. - Guardian
Wednesday newspaper round-up: Waitrose, McDonald's, Crown Agents
(Sharecast News) - Waitrose is planning to open 100 convenience stores over the next five years as part of a £1bn-plus investment in new outlets and shop refurbishments. The upmarket grocery chain is planning to unveil a revamped outlet in Finchley Road, north London, on Wednesday. This will kick off a new phase of expansion with its first new store in six years in Hampton Hill, west London, by the end of this year. - Guardian
Tuesday newspaper round-up: Missing yacht, City Airport, energy bills
(Sharecast News) - Morgan Stanley International chairman Jonathan Bloomer is among those missing after a yacht carrying UK tech entrepreneur Mike Lynch sank off the coast of Sicily during a violent storm, an Italian official has said. Salvatore Cocina, head of the civil protection agency in Sicily, said Bloomer and Chris Morvillo, a lawyer at Clifford Chance, were among the six people missing. Lynch and his 18-year-old daughter, Hannah, were also unaccounted for as of late Monday. - Guardian
Monday newspaper round-up: Ted Baker, banks, Boohoo
(Sharecast News) - Fashion brand Ted Baker's remaining 31 stores in the UK are to close this week, putting more than 500 jobs at risk. Started as a men's clothing label in Glasgow in 1988 by entrepreneur Ray Kelvin and becoming known for its quirky advertising and floral prints, Ted Baker's UK arm entered administration in March after racking up losses. - 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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