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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.

Friday newspaper round-up: P&O Cruises, John Lewis, Telegraph

(Sharecast News) - P&O Cruises and fellow cruise firm Cunard have made provision to fire and rehire more than 900 UK-based crew unless they accept salary cuts and more flexible working arrangements. The affected crew include officers on the British flagship, the luxury ocean liner Queen Mary 2, and nine other ships operated under Carnival UK, which is part of the $18bn-listed Carnival group. - Guardian John Lewis is to team up with Covid testing firm Randox Health to open clinics within its shops in the latest effort to draw in customers amid tough trading conditions. The clinics, which will be run by Randox staff, will offer full-body health checks including tests for vitamin deficiencies, hormone imbalances and key health concerns, among other services. - Guardian

The Armed Forces should be empowered to buy more foreign weapons to save money, a think tank has said. The Ministry of Defence should take more bids from foreign weapons contractors and get private companies to manage jobs like housing troops, the Institute of Economic Affairs (IEA) has said. - Telegraph

The UK's competition watchdog has been ordered by ministers to support business and economic growth and speed up its decision-making processes following criticism over its handling of Microsoft's $69 billion bid for Activision Blizzard. In a perceived rap over the knuckles for the Competition and Markets Authority (CMA), the government told the regulator in a "strategic steer" that it needed to realise the importance of "minimising the burdens on businesses" that were engaging with it. - The Times

Sultan Ahmed al-Jaber is not named on the website of the Abu Dhabi fund bidding for the Telegraph titles and his Wikipedia page contains no reference to his role in shaping the country's censorship regime. Al-Jaber is, however, poised to become a prominent figure in UK media as chairman of International Media Investors (IMI) and led his nation's censorship agency for five years. The boss of the United Arab Emirates' state oil company - who is now heading the Cop28 climate talks - has been accused by human rights activists of overseeing laws against free expression. Amnesty International criticised him for "exercising strict control over local and international media" as chairman of the National Media Council between 2015 and 2020. During that time, a popular Dubai website was banned for reporting on the liquidation of failed property projects. - The Times

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(Sharecast News) - The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to reduce costs to secure its financial future. There are about 11,500 Post Office branches across the UK, of which 115 are wholly centrally owned. The rest are operated by independent post office operators under contract and partners such as WH Smith and Tesco. - Guardian
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(Sharecast News) - Social media platform Bluesky has picked up more than 700,000 new users in the week since the US election, as users seek to escape misinformation and offensive posts on X. The influx, largely from North America and the UK, has helped Bluesky reach 14.5 million users worldwide, up from 9 million in September, the company said. - Guardian
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(Sharecast News) - Great Britain "lags behind" Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem. Restrictions on ads by bookmakers and casinos are increasingly becoming "the norm" across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK's leading gambling charity. - Guardian
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(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - 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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