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Thursday newspaper round-up: JCB, M&S, smart meters

(Sharecast News) - The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin's invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had "voluntarily paused exports" to Russia. - Guardian Marks & Spencer is teaming up with a recycling technology group to enable the retailer to trace what happens to its drinks bottles, cartons and other plastic packaging. The Polytag system prints an invisible tag on to containers, which can be picked up by electronic readers located at recycling centres. Products featuring the tags will begin appearing on shelves in the next three months. - Guardian

Car salesmen face a shortage of petrol vehicles under Rishi Sunak's net zero crackdown, one of Britain's biggest dealership chains has warned. Vertu Motors said sales of electric cars had "stalled" in the UK, raising the risk that manufacturers will miss sales targets mandated by law. Under the zero emissions vehicle (ZEV) mandate, 22pc of carmakers' sales must be electric this year with the target rising annually until it reaches 80pc in 2030. - Telegraph

Smart water meters must be made compulsory across all households to protect the UK against climate change, the National Infrastructure Commission (NIC) has warned. The government agency is urging ministers to ramp up the roll-out of devices, as it claims water supplies were becoming one of the country's biggest challenges. Without smart water meters, the NIC said the UK is at heightened risk of drought. - Telegraph

A challenger consultancy firm has been picking up staff recently cast aside by the Big Four as it readies itself for a rebound in merger and acquisition activity. DSW Capital, owner of the Dow Schofield Watts brand, has "invested significantly in recruitment" over the past 12 months. - The Times

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Friday newspaper round-up: Speciality Steel UK, Canada tariffs, X and Meta
(Sharecast News) - Ministers are considering options to step in to save another major steel plant if its parent company collapses into administration after a key court case next week. The business secretary, Jonathan Reynolds, is understood to be looking at what the government can do to support Speciality Steel UK (SSUK) - part of the Liberty Steel Group owned by Sanjeev Gupta - should it be faced with possible closure after Wednesday's insolvency hearing. - Guardian
Thursday newspaper round-up: Thames Water, high streets, X boss
(Sharecast News) - Thames Water paid almost £2.5m to senior managers from an emergency loan that was meant to be used to keep the failing utilities company afloat - and has refused to claw back the payments, newly released documents reveal. The struggling water supplier paid bonuses totalling £2.46m to 21 managers on 30 April. - Guardian
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(Sharecast News) - The London stock market risks "drifting into irrelevance" without government and regulatory reforms, ranging from tax breaks for stock market listings to looser bonus rules for directors, a lobbying group has said. The 20 recommendation put forward by the Confederation of British Industry (CBI), which lobbies on behalf of UK businesses, suggest financial incentives, marketing campaigns and boardroom pay are central to guaranteeing the future success of the London Stock Exchange, which has been losing stock market listings and floats to foreign rivals. - Guardian
Tuesday newspaper round-up: NDAs, Amazon, wealth tax, Seraphine
(Sharecast News) - Bosses in the UK will be banned from using non-disclosure agreements to silence employees who have suffered harassment and discrimination in the workplace as part of the government's overhaul of workers' rights. Ministers will on Monday night table amendments to the government's employment rights bill to prohibit the widespread practice of using legally enforceable NDAs to conceal unacceptable behaviour at work. - 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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