Skip Header
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.

Tuesday newspaper round-up: Brexit border checks, Evri, UK bond sales

(Sharecast News) - A lack of social mobility is costing the UK £19bn a year, a report produced by the cross-party thinktank Demos and the Co-op has found. The Social Mobility Commission, which advises the government, defines social mobility as "the link between a person's occupation or income and the occupation or income of their parents". - Guardian New Brexit border checks are reducing consumer choice and compromising Britain's food security, according to fresh produce sellers and plant growers. A joint letter from the Fresh Produce Consortium (FPC) and the Horticultural Trades Association (HTA) has called for an urgent meeting with the government over the continued problems their members face when importing plants and cut flowers under the current border system. - Guardian

Delivery giant Evri has been named the UK's worst parcel distribution company for the second year running, with around one in two customers reporting a problem with its service. The courier, which rebranded from Hermes two years ago following a wave of parcel mishandling allegations, has been dogged by complaints over issues such as delays and parcels being left in the wrong place. - Telegraph

Ed Miliband has been urged to dispose of Britain's nuclear waste by drilling boreholes up to five kilometres deep into the Earth's crust. University academics said advances in tunnel-digging technology mean the previously-dismissed idea is viable and could be put into action more quickly and cheaply than alternatives. - Telegraph

The chief executive of one of the country's biggest commercial property developers has said he would be investing "hundreds of millions and more" in building new data centres if he could secure the electricity supply that those sites demand. David Sleath, chief executive of Segro, the FTSE 100 developer and landlord, told Times Radio that, in some cases, his teams were waiting "a number of years" for local substations to be upgraded, increasing their grid capacity. If that capacity was available now, Segro, which already owns and operates 35 data centres around the UK, would already be building many more, he said. - The Times

Investment banks anticipate a jump in UK government debt sales this year to finance a rise in public investment. On average, global investment banks expect the value of gilt sales this year to reach nearly £300 billion, the second-highest total on record. The figures were compiled by the Financial Times based on an analysis of seven investment banks' estimates. - The Times

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
(Sharecast News) - Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. - Guardian
Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph

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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.