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Thursday newspaper round-up: Meta, AA, Go-Ahead, carbon emission permits

(Sharecast News) - An extraordinary battle pitting New York multimillionaires against their billionaire neighbours is expected to reach fever pitch on Thursday when local politicians in the Hamptons vote on proposals to close an airport in the super-rich enclave. The East Hampton town board is expected to vote in favour of a plan to "deactivate" the local airport that buzzes with helicopters and private jets ferrying the uber-wealthy from Manhattan to their luxury beach houses. - Guardian Mark Zuckerberg has a fascination with ancient Rome, but last week a court decision threatened the future of another empire: his own. Judge James Boasberg said the US competition watchdog can pursue the break up of Meta - the owner of Facebook, Instagram and WhatsApp - paving the way for a costly and lengthy legal battle. Boasberg had dismissed the Federal Trade Commission's first attempt in June, but this time he was swayed by a revised FTC complaint under its new chair, Lina Khan. - Guardian

The AA has told unvaccinated staff that they will no longer receive sick pay if they are unable to work while self-isolating due to coming into contact with someone who has Covid. In an email sent to the AA's 7,000 staff and seen by The Telegraph, the roadside assistance company said that workers who turn down the vaccine and have no medical exemption face unpaid periods of quarantine, which lasts 10 days for unjabbed contacts of a Covid case. - Telegraph

Good chefs have always been in high demand but Covid means they are now scarcer than ever, scattered across the world rather than in Britain. Neil Harris, at recruiter Hashtag Chefs, says: "A lot of Europeans went home and never came back. A lot of people like the Aussies, New Zealanders and South Africans are not coming over at the moment because of the pandemic." Salaries are up by as much as 30pc, says Harris. On Wednesday Bob Bob Ricard, a French and Russian-themed restaurant in London's Soho district, advertised a salary of £91,000 for a head chef - plus on-site dining of up to £6,000 per year - as restaurants and hotels compete for talent. - Telegraph

Troubles at Go-Ahead deepened after the transport group announced yesterday that the company's senior independent director and head of the board's audit committee would stand down with immediate effect after further votes against his appointment at the recent annual meeting came to light. Shares in Go-Ahead are suspended from trading after the company discovered last year that "serious errors" had led to its failure to return at least £25 million to the taxpayer from its operation of Southeastern Trains. - The Times

Industrialists have criticised a government decision not to intervene to push down the price of carbon-emission permits, stoking a row between ministers and business over rising energy costs. Prices have nearly doubled in the past six months, from £40 per tonne of carbon dioxide to more than £70. The spike has triggered a "cost containment mechanism" that allows ministers to step in but they have refused to do so for a second month in a row. - The Times

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(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
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(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.

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