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.

Friday newspaper round-up: NHS app, Uber, John Lewis

(Sharecast News) - Undisclosed companies are analysing facial data collected by the NHS app, which is used by more than 16 million English citizens, prompting fresh concern about the role of outsourcing to private businesses in the service. Data security experts have previously criticised the lack of transparency around a contract with the NHS held by iProov, whose facial verification software is used to perform automated ID checks on people signing up for the NHS app. - Guardian Uber is to pay out millions of pounds in missed pension payments to UK drivers dating back as far as 2017 under a deal with the retirement savings watchdog. The ride hailing company was forced to guarantee its 70,000 UK drivers a minimum hourly wage, holiday pay and pensions in March this year after a landmark supreme court ruling over their employment status. Couriers for the group's UberEats food delivery service are not included in the deal. - Guardian

Ford is weighing up whether to build transmission systems for electric cars at its Halewood plant on Merseyside rather than at a site in Germany. The car giant has held talks with government officials about making the new eTrans system in the UK. A commitment would secure hundreds of millions of pounds in investment at the site from the car company, delivering a significant boost to Britain's automotive sector. - Telegraph

Employee-owned John Lewis Partnership has rankled thousands of its workers after paying bonuses to a number of chosen staff when the wider workforce were denied a bonus for the first time in nearly 70 years. It has emerged that the retailer made almost 4,000 "special contribution awards", including to 16 managers, last year out of its 79,000 workforce. The awards are capped at 10 per cent of salary for exceptional service and have been in place for ten years, but last year was the first time the wider partnership bonus has not been paid since 1953. - The Times

Joe Garner is stepping down as chief executive of Nationwide as part of a phased succession plan that also has brought in a new chairman. Britain's biggest building society said that Kevin Parry, its senior independent director, would succeed David Roberts as chairman. Parry will lead the search for Garner's successor. - The Times

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Rentokil, Ukraine, Crowdstrike
(Sharecast News) - BT's former chief executive officer, Philip Jansen, is plotting to takeover Rentokil Initial with the help of private equity. As part of the acquisition, Jansen would take over as executive chairman. In particular, the corporate dealmaker and his financial supporters would focus on making Rentokil's 2022 purchase of US peer Terminix work. In a second phase, the company would move on to acquiring other US companies in the same sector. - Sunday Times
Thursday newspaper round-up: Aslef, unemployment, Microsoft
(Sharecast News) - The co-founders of Silicon Valley's most prominent venture capital firm have announced their support for Donald Trump's bid for re-election, and plan to make substantial donations to back him further. Ben Horowitz and Marc Andreessen, the heads of Andreessen Horowitz, commonly known as A16Z, revealed their plans in a sprawling 90-minute podcast, in which they argued that the future of "American innovation" required a Trump victory. - Guardian
Wednesday newspaper round-up: Harland & Wolff, Octopus Energy, Microsoft
(Sharecast News) - Local councils will have to adopt mandatory housing targets within months under planning reforms to be unveiled on Wednesday as part of Keir Starmer's first king's speech, which the prime minister says will be focused on economic growth. Starmer will introduce a package of more than 35 bills on Wednesday, the first Labour prime minister to do so in 15 years, as he looks to put the economy at the centre of his first year in office. - Guardian
Tuesday newspaper round-up: Elon Musk, Julian Dunkerton, SSE/TotalEnergies
(Sharecast News) - Elon Musk has said he plans to give $45m a month to a Super Pac focused on electing Donald Trump, starting in July, the Wall Street Journal has reported. The tech billionaire, who endorsed Trump two days ago, has already donated what was described as "a sizable amount" to the America Pac, though the actual amount of the donation will not be made public in election filings until 15 July, Bloomberg reported. - 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.