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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.

Wednesday newspaper round-up: Post Office, Aston Martin, Stellantis UK

(Sharecast News) - The UK needs a system for recording misuse and malfunctions in artificial intelligence or ministers risk being unaware of alarming incidents involving the technology, according to a report. The next government should create a system for logging incidents involving AI in public services and should consider building a central hub for collating AI-related episodes across the UK, said the Centre for Long-Term Resilience (CLTR), a thinktank. - Guardian

A former IT engineer has admitted he changed crucial expert court testimony at the request of the Post Office during wrongful prosecutions of branch operators. Gareth Jenkins, a former senior engineer at the contractor Fujitsu, on Tuesday told the public inquiry into one of the biggest miscarriages of justice in British history that lawyers had asked him to change witness statements. - Guardian

Aston Martin has unveiled the design of a new limited-edition supercar for petrolheads as the British brand resists a push to scrap combustion engines. Marek Reichman, Aston Martin's executive vice president and chief creative, said the Valiant would "honour the internal combustion [engine]". Just 38 of the new vehicles which cost around £2m apiece will be manufactured and they have all already been allocated. - Telegraph

Europe's richest man Bernard Arnault has bought personal shares in a rival to his luxury empire LVMH, in a move expected to fuel speculation over a possible takeover. Mr Arnault, the chairman and chief executive of LVMH, is understood to have taken a small stake in Richemont, which owns Cartier. The position, which was not available on public registers on Tuesday afternoon, was described by sources as a personal investment by the LVMH boss. - Telegraph

The boss of Stellantis UK has said the automotive powerhouse could stop production at its Luton and Ellesmere Port van factories unless a future government provides cash and tax incentives to stimulate demand for electric vehicles. Maria Grazia Davino, head of Stellantis UK, also said the UK must reduce zero emission volume targets for manufacturers. - The Times

The British subsidiary of Atos, the French tech giant that is a big UK government contractor, has warned in its accounts that there is a "material uncertainty" about its ability to continue as a going concern. In the accounts for Atos UK's holding company for the year ending December 2022, Grant Thornton, the company's auditor, said that the UK subsidiary was reliant on cash from its French parent company that may not arrive, given the French business's growing problems. - The Times

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Monday newspaper round-up: Investment bankers, energy price cap, Raspberry Pi
(Sharecast News) - London's investment bankers are expected to rake in bigger bonuses this financial year, as the City begins to recover from a two-year slump in deals caused by surging interest rates. Demand for investment banking services - such as facilitating mergers and acquisitions, advising companies and governments on fundraising, and underwriting new stock and bonds - was hit by a sharp increase in borrowing rates after the pandemic, as central banks acted to tame runaway inflation. Jobs and pay were cut as investment banks sought to reduce costs. - Guardian
Sunday share tips: Eco Animal Health, Intertek
(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of Eco Animal Health to its readers, touting the company's animal drug pipeline.
Sunday newspaper round-up: Britvic, Prices of UK homes, BT Group
(Sharecast News) - Aviva, one of the ten largest shareholders in Britvic, thinks that Carlsberg needs to raise its takeover offer. During the preceding week, Britvic had let it be known that it had already rebuffed two acquisition offers from the Danish brewer, the highest of which had been for £3.1bn. In particular, Aviva said that Carlsberg was not taking sufficiently into account how Britvic's finances were expected to improve over the next few years. - The Financial Mail on Sunday
Friday newspaper round-up: Port Talbot, Elon Musk, Amazon
(Sharecast News) - Tata Steel has told workers it could to cease operations at its steel plant in Port Talbot months earlier than planned because of a strike. The company had been planning to shut down one of the blast furnaces by the end of June and the second one by September. But workers at the south Wales site have been told that Tata plans to cease operations at both furnaces no later than 7 July because of the strike by members of Unite, which starts the following day. - 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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