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Tuesday newspaper round-up: Clearview AI, Virgin Atlantic, Accenture, BT

(Sharecast News) - Volumes of goods shipped directly from Ireland to the EU on new Brexit-busting ferry routes have rocketed by 50% in the past six months as exporters seek to avoid travelling across land through Great Britain, according to official data. Figures published by the Irish Maritime Development Office (IMDO) show significant traffic diverted away from the traditional routes between Dublin and Britain to some of 32 new ferry services direct to ports such as Le Havre, Cherbourg and Dunkirk in France and Zeebrugge in Belgium. - Guardian

US company that gathered photos of people from Facebook and other social media sites for use in facial recognition by its clients is facing a £17m fine after the Information Commissioner's Office found it had committed "serious breaches" of data protection law. Clearview AI, which describes itself as the "world's largest facial network", allows its customers to compare facial data against a database of over 10bn images harvested from the internet. - Guardian

An effort by Virgin Atlantic to raise £400m in rescue funding has been thrown into doubt by fears of new travel curbs, raising concerns among industry observers about its prospects over winter. Sir Richard Branson's airline has been in talks with existing shareholders and lenders over a cash lifeline in recent weeks, after extended restrictions on travel from the UK to the United States forced it to shelve plans for a public listing. - Telegraph

Accenture will create 3,000 new jobs in the UK over the next three years as part of a push into technology services, with half of the roles to be based outside London. The professional services firm said the new jobs are being driven by increased client demand for services in cybersecurity, cloud engineering, data, intelligent operations and platforms. - Telegraph

The government is monitoring the situation at BT amid heightened takeover speculation surrounding Britain's biggest telecoms group. Uncertainty intensified yesterday after a report that Reliance Industries, the Indian oil-to-telecoms conglomerate controlled by Mukesh Ambani, India's richest businessman, was weighing a takeover bid. - The Times

Babcock International has been accused of failings in its provision of crucial training to firefighters before the Grenfell Tower fire. The inquiry into the 2017 disaster, which killed 72 people, heard last week that the outsourcing group had been more than two years late in completing a review of training for incident commanders at the time of the blaze. - 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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