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Thursday newspaper round-up: Rail fares, Ocado, British Airways

(Sharecast News) - Britain's top-listed businesses have made further progress on gender targets but still have too few women in senior leadership positions, a report has found. The research, by Cranfield School of Management, found the proportion of women on FTSE 100 boards was at an all-time high, but concluded there still were not enough female chairs, chief executives and chief financial officers. - Guardian Millions of commuters are facing a double-digit percentage rise in their rail fares over the next two years as financial markets predicted a jump in inflation lasting well into 2022. Investors are bracing for the Retail Price Index (RPI), which is used to calculate fare increases, to peak at 7pc by April next year and remain at 6.2pc in July - the month in which the figure is used to calculate increases in ticket prices and student loan interest costs. - Telegraph

Households face a £220 increase to their council tax bills over the next three years as local authorities plug a £3bn blackhole in their finances, a leading think tank has warned. The Institute for Fiscal Studies (IFS) said council taxes could need to rise by 5pc per year, with Boris Johnson's recent social care reforms posing "major challenges" for local authority budgets. - Telegraph

Ocado is investing £10 million in the driverless car start-up Wayve as part of a year-long trial that could result in autonomous grocery deliveries. Ocado uses robots in its warehouse to pick customer orders from a grid-like system but the Wayve deal could pave the way for robots to deliver groceries to peoples' homes. - The Times

British Airways plans to rehire some of the thousands of staff laid off last year. Unite, the union, says the airline is looking to rehire about 3,000 cabin crew after cutting roughly 10,000 jobs, a third of its workforce, last spring and summer when the Covid-19 crisis had grounded most of its aircraft. BA did not confirm how many staff would be taken back, but it has begun offering new cabin crew jobs from next summer, according to the Financial Times. - 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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