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Tuesday newspaper round-up: Nuclear power, P&O Ferries, Apple

(Sharecast News) - Boris Johnson has told nuclear industry bosses that the government wants the UK to get 25% of its electricity from nuclear power, in a move that would signal a significant shift in the country's energy mix. Johnson on Monday met executives from major nuclear utilities and technology companies including the UK's Rolls-Royce, France's EDF, and the US's Westinghouse and Bechtel to discuss ways of helping to speed up the development of new nuclear power stations. - Guardian

The Dubai-based owner of P&O Ferries is expected to benefit from at least £50m of UK taxpayer support as part of the government's freeport programme, raising questions over its role in the scheme after the sacking of 800 workers. DP World, the Emirati logistics giant behind P&O, runs the UK's second- and third-biggest shipping terminals at Southampton and London Gateway - locations among the first 12 freeports in the UK to be picked by the government last year as a flagship part of its levelling-up agenda. - Guardian

A Civil Aviation Authority (CAA) board member has been forced to quit after breaching conflict of interest rules by holding "a few thousand pounds" worth of shares in the owner of British Airways. Garry Copeland, a former British Airways director of engineering, has stepped down after being hired as a non-executive last September to help the CAA deliver on "its strategic safety objectives". - Telegraph

The boss of one of Britain's biggest motor dealers will be expected to explain why he rejected a £400 million takeover attempt by one of its largest shareholders when he delivers full-year results today. Shares in Pendragon jumped by more than 20 per cent yesterday after it emerged at the weekend that Hedin Group had tabled a 28p-a-share offer for the London-listed dealership weeks ago. - The Times

Apple is set to take another three floors at 22 Bishopsgate, the City of London's newest skyscraper, in the latest sign of the technology giant's commitment to offices and to Britain. It is the second time in the past six months that the company, which has a stock market value of more than $2.5 trillion, will have expanded its presence in the building. - 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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