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Monday newspaper round-up: JCB, Eurostar, used cars, Devolver Digital

(Sharecast News) - The construction equipment maker JCB has signed a multibillion-pound deal to import and supply hydrogen produced using renewable energy. As the Cop26 climate conference got under way in Glasgow, the company announced a deal with Australia's Fortescue Future Industries (FFI) that will allow it to start selling "green" gas through a specialist division, Ryze Hydrogen, from early next year. - Guardian Almost a quarter of workers are actively planning to change employers in the next few months, a report has claimed, as part of a "great resignation" prompted by a high number of vacancies and burnout caused by the pandemic. A survey of 6,000 workers by the recruitment firm Randstad UK found that 69% of them were feeling confident about moving to a new role in the next few months, with 24% planning a change within three to six months. - Guardian

Eurostar's boss has dismissed the threat of Spain running services through the Channel Tunnel, claiming red tape means it will take years for a rival rail operator to get up and running. However, HS1, which owns the tracks that Eurostar uses, is holding talks with a clutch of foreign train operators to convince them to launch rival international train services to the UK. - Telegraph

The Dacia Sandero has been Britain's cheapest new car for almost a decade, but the chip crisis means buyers can now resell their vehicles for a huge premium just months after driving off the forecourt. Used Sanderos with 10,000 miles on the clock are now selling for almost £11,700 on average, or about £1,900 more than a new model. - Telegraph

The banking industry's new small business compensation scheme has been described as an embarrassment after it concluded only eight cases and just one company received a payout. A parliamentary group that helped to establish the Business Banking Resolution Service, set up to compensate victims of banking scandals, urged Rishi Sunak to change its rules. - Telegraph

The American games publisher behind the lockdown hit Fall Guys: Ultimate Knockout is to float on the London stock market this week with a valuation of about £700 million. Devolver Digital is aiming to sell £200 million of shares to new investors, with existing backers, including its management team, offloading more than £150 million of stock. - The Times

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Monday newspaper round-up: Investment bankers, energy price cap, Raspberry Pi
(Sharecast News) - London's investment bankers are expected to rake in bigger bonuses this financial year, as the City begins to recover from a two-year slump in deals caused by surging interest rates. Demand for investment banking services - such as facilitating mergers and acquisitions, advising companies and governments on fundraising, and underwriting new stock and bonds - was hit by a sharp increase in borrowing rates after the pandemic, as central banks acted to tame runaway inflation. Jobs and pay were cut as investment banks sought to reduce costs. - Guardian
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(Sharecast News) - Aviva, one of the ten largest shareholders in Britvic, thinks that Carlsberg needs to raise its takeover offer. During the preceding week, Britvic had let it be known that it had already rebuffed two acquisition offers from the Danish brewer, the highest of which had been for £3.1bn. In particular, Aviva said that Carlsberg was not taking sufficiently into account how Britvic's finances were expected to improve over the next few years. - The Financial Mail on Sunday
Friday newspaper round-up: Port Talbot, Elon Musk, Amazon
(Sharecast News) - Tata Steel has told workers it could to cease operations at its steel plant in Port Talbot months earlier than planned because of a strike. The company had been planning to shut down one of the blast furnaces by the end of June and the second one by September. But workers at the south Wales site have been told that Tata plans to cease operations at both furnaces no later than 7 July because of the strike by members of Unite, which starts the following day. - 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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