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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Thursday newspaper round-up: Turkeys, pay rises, Daily Mail

(Sharecast News) - Ranjit Singh Boparan, the owner of East Anglian turkey producer Bernard Matthews, said the first workers would arrive in the next few days as it prepared for the busy festive season. Boparan said: "With just a few weeks to go until Christmas, it is very good news to be able to report that here we are in mid-November, and we're well on the way to plugging the job gaps for the massive volume increases we get during this time of year. - Guardian

Faster train journeys will be delivered up to 10 years sooner than planned, the government has insisted amid anger over an expected decision to axe key schemes. The Department for Transport (DfT) said its Integrated Rail Plan (IRP) will feature £96bn of investment in the Midlands and the North. The plan, which will be published on Thursday, is expected to confirm that the eastern leg of HS2 will be scrapped between the east Midlands and Leeds, savings tens of billions of pounds. - Guardian

Workers need a pay rise of more than 7pc next year just to stand still as surging inflation and looming tax rises erode their spending power, the Institute of Fiscal Studies has warned. Prices jumped 4.2pc in the 12 months to October, according to official statistics. This is more than double the Bank of England's 2pc target, as energy prices soar and global supply shortages bite. - Telegraph

The editor of the Daily Mail, Geordie Greig, has been ousted after three years in a move that paves the way for a merger with its Sunday sister title and a greater focus on digital journalism. Mr Greig is to be replaced by Ted Verity, currently editor of the Mail on Sunday, who will take a new job as editor of Mail Newspapers that puts him in control of both titles. - Telegraph

More than half of younger investors get stock-trading tips from social media sites such as TikTok and Reddit, research has revealed. Fifty-six per cent of 18 to 34-year-olds use the platforms for inspiration before buying and selling shares, according to a survey of 2,000 people by Opinium for Hargreaves Lansdown, the investment platform. - 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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