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.

Wednesday newspaper round-up: NI hike, Amazon, Mumsnet

(Sharecast News) - Business groups reacted with dismay to the government's national insurance hike and surcharge on dividend income to boost health and social care spending from next April, calling it a tax on jobs and a blow to the economic recovery. The British Chamber of Commerce (BCC) said the extra financial burden from higher tax charges ignored the damage suffered by thousands of small businesses over the last 18 months. - Guardian Amazon's key UK business paid just £3.8m more corporation tax last year than in 2019, even as sales increased by £1.89bn. Accounts filed at Companies House this week show that the corporation tax contribution of Amazon UK Services - the group's warehouse and logistics operation, thought to employ the majority of the group's UK workforce - was £18.3m in the year to December 2020, up 26% from £14.5m a year before. - Guardian

Water companies have been allowed to cut back on sewage treatment chemicals after they became the latest victims of the UK's supply chain disruption. The Environment Agency told water companies that it was authorising "a temporary reduction in the dosage used to treat waste water". - Telegraph

Britain's best known parenting website has made its first acquisition in its 21-year history with the takeover of Mush, an app developed to help new mothers meet up in person. Mush was launched in 2016 by Katie Massie-Taylor, 38, and Sarah Hesz, 39, who met in a children's playground in Barnes, west London and came up with the idea of how to make it easier for new mothers to meet. The business was named after "what mums' brains sometimes feel like, what babies eat and an old slang term for friend". - The Times

Employers planned to make the fewest job cuts for seven years last month, suggesting that the end of the furlough scheme will not trigger a sharp rise in unemployment. Figures show that 12,687 jobs were earmarked for redundancy in August, down 11 per cent since July, according to the Insolvency Service. - The Times

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Rentokil, Ukraine, Crowdstrike
(Sharecast News) - BT's former chief executive officer, Philip Jansen, is plotting to takeover Rentokil Initial with the help of private equity. As part of the acquisition, Jansen would take over as executive chairman. In particular, the corporate dealmaker and his financial supporters would focus on making Rentokil's 2022 purchase of US peer Terminix work. In a second phase, the company would move on to acquiring other US companies in the same sector. - Sunday Times
Thursday newspaper round-up: Aslef, unemployment, Microsoft
(Sharecast News) - The co-founders of Silicon Valley's most prominent venture capital firm have announced their support for Donald Trump's bid for re-election, and plan to make substantial donations to back him further. Ben Horowitz and Marc Andreessen, the heads of Andreessen Horowitz, commonly known as A16Z, revealed their plans in a sprawling 90-minute podcast, in which they argued that the future of "American innovation" required a Trump victory. - Guardian
Wednesday newspaper round-up: Harland & Wolff, Octopus Energy, Microsoft
(Sharecast News) - Local councils will have to adopt mandatory housing targets within months under planning reforms to be unveiled on Wednesday as part of Keir Starmer's first king's speech, which the prime minister says will be focused on economic growth. Starmer will introduce a package of more than 35 bills on Wednesday, the first Labour prime minister to do so in 15 years, as he looks to put the economy at the centre of his first year in office. - Guardian
Tuesday newspaper round-up: Elon Musk, Julian Dunkerton, SSE/TotalEnergies
(Sharecast News) - Elon Musk has said he plans to give $45m a month to a Super Pac focused on electing Donald Trump, starting in July, the Wall Street Journal has reported. The tech billionaire, who endorsed Trump two days ago, has already donated what was described as "a sizable amount" to the America Pac, though the actual amount of the donation will not be made public in election filings until 15 July, Bloomberg reported. - 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.

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.