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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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Friday newspaper round-up: Bank branches, mortgages, Northern Rock
(Sharecast News) - The number of UK bank branches that have shut their doors for good over the last nine years will pass 6,000 on Friday, and by the end of the year the pace of closures may leave 33 parliamentary constituencies - including two in London - without a single branch. The tally is being published by the consumer group Which? as it seeks to make the "avalanche" of closures and the "disastrous" impact they can have on local communities an election battleground. - Guardian
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
Wednesday newspaper round-up: Brexit border outages, Boeing, Stellantis
(Sharecast News) - Lorries carrying perishable food and plants from the EU are being held for up to 20 hours at the UK's busiest Brexit border post as failures with the government's IT systems delay imports entering Britain. Businesses have described the government's new border control checks as a "disaster" after IT outages led to lorries carrying meat, cheese and cut flowers being held for long periods, reducing the shelf life of their goods and prompting retailers to reject some orders. - Guardian
Tuesday newspaper round-up: Tesco, OpenAI, housebuilding
(Sharecast News) - Tesco is facing criticism from "shocked" charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening. The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their best before date, only in the evening when a store is closing rather than the following morning, the charities have claimed. - 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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