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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.

Monday newspaper round-up: EasyJet, four-day week, FirstGroup

(Sharecast News) - UK holidaymakers have faced yet more travel chaos as easyJet cancelled another 80 flights on Sunday, Eurostar trains experienced further delays, and roads began to clog up with drivers returning from half-term and jubilee weekend breaks. Tens of thousands of British travellers are estimated to be stranded at airports across Europe after close to 200 flight cancellations over the weekend. - Guardian More than 3,300 workers at 70 UK companies, ranging from a local chippy to large financial firms, start working a four-day week from Monday with no loss of pay in the world's biggest trial of the new working pattern. The pilot is running for six months and is being organised by 4 Day Week Global in partnership with the thinktank Autonomy, the 4 Day Week Campaign, and researchers at Cambridge University, Oxford University and Boston College. - Guardian

BT has been told that rural people must be able to call the emergency services when storms cause power cuts, after digital-only phones were rendered useless by strong winds last winter. Ofcom wrote to BT after the chaos caused by storms Arwen and Eunice left some communities without power for days, asking the company as a "matter of urgency" to find new backup options for phones that depend on an internet connection rather than old copper wires. BT has subsequently stopped the roll-out of its digital-only phones. - Telegraph

The co-founder of Carzam has blamed the collapse of the used-car dealer on Alex Chesterman's handling of the rival company Cazoo. Peter Waddell, 56, launched the Peterborough-based Carzam 18 months ago alongside John Bailey, the former boss of Manheim auctions, with the promise of delivering used cars nationwide within 24 hours. Together they invested £50 million. However, the business entered voluntary receivership last week. - The Times

Some of FirstGroup's biggest shareholders have told the transport company's board that a £1.2 billion takeover approach from an American private equity firm would have to be unconditional for them to accept it. I Squared's bid, which values First at up to 163.6p a share, includes 45.6p that is conditional on the amount the bus and trains group eventually receives from the previously agreed sale of its American businesses, including the Greyhound bus line. - The Times

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Thursday newspaper round-up: Asda, Post Office, M&S, Frasers Group
(Sharecast News) - The owners of Asda are facing mounting pressure after figures showed the struggling supermarket chain's share of the grocery market reached a "new nadir" as sales fell sharply this summer. The grocer's sales fell 6.4% in the three months to 10 August, equivalent to more than £2bn in annual lost revenues, as it became the only member of the traditional "big four" supermarkets to see sales shrink, according to analysts at NIQ. - Guardian
Wednesday newspaper round-up: Waitrose, McDonald's, Crown Agents
(Sharecast News) - Waitrose is planning to open 100 convenience stores over the next five years as part of a £1bn-plus investment in new outlets and shop refurbishments. The upmarket grocery chain is planning to unveil a revamped outlet in Finchley Road, north London, on Wednesday. This will kick off a new phase of expansion with its first new store in six years in Hampton Hill, west London, by the end of this year. - Guardian
Tuesday newspaper round-up: Missing yacht, City Airport, energy bills
(Sharecast News) - Morgan Stanley International chairman Jonathan Bloomer is among those missing after a yacht carrying UK tech entrepreneur Mike Lynch sank off the coast of Sicily during a violent storm, an Italian official has said. Salvatore Cocina, head of the civil protection agency in Sicily, said Bloomer and Chris Morvillo, a lawyer at Clifford Chance, were among the six people missing. Lynch and his 18-year-old daughter, Hannah, were also unaccounted for as of late Monday. - Guardian
Monday newspaper round-up: Ted Baker, banks, Boohoo
(Sharecast News) - Fashion brand Ted Baker's remaining 31 stores in the UK are to close this week, putting more than 500 jobs at risk. Started as a men's clothing label in Glasgow in 1988 by entrepreneur Ray Kelvin and becoming known for its quirky advertising and floral prints, Ted Baker's UK arm entered administration in March after racking up losses. - 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.

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