Skip Header
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.

Wednesday newspaper round-up: Stellantis, ITV, Philip Morris

(Sharecast News) - Employers who force staff to return to the office five days a week have been called the "dinosaurs of our age" by one of the world's leading experts who coined the term "presenteeism". Sir Cary Cooper, a professor of organisational psychology and health at the University of Manchester's Alliance Manchester Business School, said employers imposing strict requirements on staff to be in the office risked driving away talented workers, damaging the wellbeing of employees and undermining their financial performance. - Guardian One of America's biggest carmakers, Stellantis, could face fresh strikes after the United Auto Workers (UAW) announced plans for members to vote on authorizing a walkout. The UAW president Shawn Fain accused executives at the automotive giant of being "out of control" on Tuesday evening. "The company wants you to be scared," he told his union's members, "but we are 100% within our rights and within our power to take strike action if necessary." - Guardian

Britain's worklessness crisis is costing taxpayers £16bn a year through lost tax revenue and an inflated benefits bill, top economists have warned. The Institute for Employment Studies (IES) and the Commission on the Future of Employment Support warned that the country's workforce was shrinking at the fastest rate since the 1980s, leading to a shortfall in employment-related taxes. At the same time, the number of people claiming benefits because of ill-health has also spiked, leading to a rapid rise in the cost of benefits, while a growing number has never worked. - Telegraph

The boss of ITV has hit out at plans to ban junk food adverts on TV before 9pm, warning it could force the broadcaster to make programming cuts. Dame Carolyn McCall said the company had been fighting the ban "for some time" and warned it would lead to millions of pounds in lost revenues. Speaking at the Royal Television Society convention in London on Tuesday, she said: "We've done loads of research to say this is not going to make a dent in childhood obesity. But it is a political thing and so we're going to have to mitigate it in any way we can. - Telegraph

Philip Morris International has offloaded Vectura for just £150 million, three years after its contentious £1 billion acquisition of the respiratory drugs company triggered a backlash from the public health sector. The maker of Marlboro cigarettes has sold the Chippenham-based company to Molex, a US company that owns the contract development and manufacturing organisation Phillips Medisize, in a setback for its transformation away from tobacco. - The Times

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: Tariffs, UK banks, Eurostar...
(Sharecast News) - Donald Trump said the US had agreed the terms of a "massive" trade deal with Japan that will impose 15 per cent tariffs on goods imported into America from the world's fourth-largest economy. The 15 per cent levy is lower than the 25 per cent he had threatened in a letter earlier this month, but higher than the 10 per cent rate that had been in force while the countries negotiated. Financial Times
Tuesday newspaper round-up: Sizewell C, State pensions, Gaza
(Sharecast News) - Ed Miliband has given final approval for the construction of Sizewell C nuclear power station at a cost of at least £38bn. The Energy Secretary took the final investment decision on the controversial power station on Tuesday. The site will take at least a decade to build. The Suffolk nuclear plant will have a capacity of about 3.2 gigawatts, enough to supply the needs of about six million homes for at least 60 years. - Daily Telegraph
Monday newspaper round-up: LSE, Ofwat, house prices...
(Sharecast News) - London Stock Exchange Group is weighing whether to launch 24-hour trading as bourses race to extend access to stocks amid growing demand from small investors active outside normal business hours. The group is looking into the practicalities of increasing its trading hours, according to people familiar with the situation, from the technology required to regulatory implications. Financial Times
Friday newspaper round-up: JLR, BNPL, Telegraph sale, water industry
(Sharecast News) - Britain's largest carmaker, Jaguar Land Rover, has delayed the planned launches of its new electric Range Rover and electric Jaguar models to give it time for more testing and for demand to pick up, the Guardian can reveal. JLR has written to customers waiting for the Range Rover Electric to inform them that deliveries of the new version of the model will not start until next year, after initially aiming for late 2025. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.