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.

Monday newspaper round-up: Companies House, supermarkets, UK economy

(Sharecast News) - The UK government agency responsible for overseeing a national register of companies has collected just £1,250 in fines after being given new powers to crack down on corruption, it has emerged. Companies House is implementing a series of reforms, amid embarrassing revelations about fraudsters and jokers signing up to the corporate register with names such as "Darth Vader" and "Santa Claus". - Guardian The former chief executive of Metro Bank says he has been made "untouchable", advised to move to Australia and even had trouble opening bank accounts after the UK regulator accused him of misleading investors over a £900m accounting blunder. Craig Donaldson, who resigned in 2019, told the upper tribunal in London that both his career and personal finances had suffered as a result of the Financial Conduct Authority's (FCA) 2022 ruling. - Guardian

Donald Trump's finance chief has rejected fears of a US recession despite the president's trade war sparking a $6 trillion (£4.7 trillion) stock market collapse. Scott Bessent, the treasury secretary, said on Sunday there was "no reason" to expect a downturn in America, claiming that the economy will remain buoyant thanks to strong job numbers, low borrowing rates and falling oil prices. That is despite mounting fears over Mr Trump's tariffs, which have upended global trade and rattled global stock markets. - Telegraph

Britain's biggest supermarkets are poised to win fresh powers to open more stores in areas dominated by Aldi and Lidl as officials consider slapping new restrictions on the German discounters. The Competition and Markets Authority (CMA), the UK's monopoly regulator, is understood to be reviewing the rules that restrict major supermarkets from blocking their rivals from opening stores nearby. - Telegraph

The UK economy faces a "material hit" from President Trump's tariffs, which threaten to rupture global trade, amplifying the risk of further tax rises and spending cuts by Rachel Reeves, forecasters said on Monday. Growth is on track to slow to just 0.8 per cent this year and next, according to researchers at the consultancy KPMG, as Trump's shift towards a protectionist trade policy "undermines" the UK economy. KPMG previously thought that the economy would expand by 1.7 per cent this year and 1.4 per cent next year, compared with 1.1 per cent in 2024. - The Times

Share this article

Related Sharecast Articles

Friday newspaper round-up: Harrods, USD1, European ETFs
(Sharecast News) - Staff at the Co-op have been ordered to keep their cameras on during remote meetings to verify attendees while Marks & Spencer has halted all recruitment as the companies tackle cyber attacks. Both retailers have had to shut down parts of their IT systems after hackers infiltrated their networks with alleged ransomware attacks. Harrods, the luxury London department store, became the third household name to confirm it had fallen victim to cyber criminals on Thursday. - The Times
Thursday newspaper round-up: Ukraine-US deal, Microsoft, Tesla...
(Sharecast News) - Ukraine and the US have announced they have reached a vital minerals deal following months of sometimes fraught negotiations. In Washington on Wednesday, the two countries said they signed an agreement on a joint fund to invest in Ukraine's reconstruction, with a draft saying Washington would get preferential access to new Ukrainian natural resources deals. - The Independent
Tuesday newspaper round-up: Gas power stations, blackouts, IBM
(Sharecast News) - Britain's gas power stations should be nationalised to prevent their owners from holding the electricity market "to ransom", a thinktank has urged. The country's dwindling fossil fuel power plants are ripe for nationalisation as ministers aim to reduce gas consumption to just 5% of the electricity system by 2030, according to a report by Common Wealth. - Guardian
Monday newspaper round-up: UK banks, RedBird Capital, Will Shu
(Sharecast News) - UK banks' earnings reports will be studied this week for signs of turmoil linked to Donald Trump's tariff drama, with uncertainty over global growth likely to weigh on lenders with heavy exposure to China, including HSBC. First-quarter profits only reflect the January-to-March period that preceded the US president's "liberation day" tariff announcements on 2 April. But investors will be concerned about any hints of caution around earnings forecasts, as well as an uptick in money put aside for defaults by tariff-hit borrowers. - 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.