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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: Rail fares, Ocado, British Airways

(Sharecast News) - Britain's top-listed businesses have made further progress on gender targets but still have too few women in senior leadership positions, a report has found. The research, by Cranfield School of Management, found the proportion of women on FTSE 100 boards was at an all-time high, but concluded there still were not enough female chairs, chief executives and chief financial officers. - Guardian Millions of commuters are facing a double-digit percentage rise in their rail fares over the next two years as financial markets predicted a jump in inflation lasting well into 2022. Investors are bracing for the Retail Price Index (RPI), which is used to calculate fare increases, to peak at 7pc by April next year and remain at 6.2pc in July - the month in which the figure is used to calculate increases in ticket prices and student loan interest costs. - Telegraph

Households face a £220 increase to their council tax bills over the next three years as local authorities plug a £3bn blackhole in their finances, a leading think tank has warned. The Institute for Fiscal Studies (IFS) said council taxes could need to rise by 5pc per year, with Boris Johnson's recent social care reforms posing "major challenges" for local authority budgets. - Telegraph

Ocado is investing £10 million in the driverless car start-up Wayve as part of a year-long trial that could result in autonomous grocery deliveries. Ocado uses robots in its warehouse to pick customer orders from a grid-like system but the Wayve deal could pave the way for robots to deliver groceries to peoples' homes. - The Times

British Airways plans to rehire some of the thousands of staff laid off last year. Unite, the union, says the airline is looking to rehire about 3,000 cabin crew after cutting roughly 10,000 jobs, a third of its workforce, last spring and summer when the Covid-19 crisis had grounded most of its aircraft. BA did not confirm how many staff would be taken back, but it has begun offering new cabin crew jobs from next summer, according to the Financial Times. - The Times

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Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
(Sharecast News) - Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. - Guardian
Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph

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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