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.

Sunday newspaper round-up: Zero Covid, British Airways, Rolls Royce

(Sharecast News) - Protests against the government's zero-Covid strategy are spreading from Shanghai to other Chinese cities such as Guangzhou, Wuhan and Xi'an. Videos of the protests on social media, including some showing clashes with police and people chanting anti-government slogans, were taken down. In Urumqi, most of the city had been under lockdown for over three months, although lockdowns were lifted in some neighbourhoods on Saturday. China reported 39,506 cases of Covid-9 on Sunday, a record level, but small when compared to the levels recorded at the height of the pandemic in the West. - The Sunday Times British Airways will nearly double its operations out of Gatwick as a result of the ongoing dispute with Heathrow. The carrier was understood to be planning to increase the number of jets based at Gatwick from 14 to between 24-28 over the next few years. Heathrow was forced to limit the number of passengers flying out of the airport to avoid a repeat of the chaos seen at many airports since Easter. It was also pressing the aviation regulator to boost landing charges, the cost of which are then passed on to passengers. - The Sunday Telegraph

Chemicals outfit Ineos has held talks with Rolls Royce regarding use of the engineer's nuclear power technology to supply the Grangemouth refinery in Scotland with zero-carbon energy. More specifically, Rolls Royce's small modular reactors would provide the electricity needed to generate green hydrogen fuel for the refinery. The talks nevertheless were said to be at an early stage and no commercials had yet been discussed. - Guardian

Domino's Pizza Group's boss Elias Diaz said sales during the World Cup are running far ahead of expectations, vindicating the pizza chain's decision to hire an extra 10,000 staff over the preceding two months. Nonetheless, Diaz conceded that the cost of living crisis was "obviously a real concern", but added that the company's value credentials would help it overcome the economic slump. He also pointed out how Domino's long-term relationships with suppliers had allowed it to limit price rises. - Financial Mail on Sunday

Industry experts and store executives say that retail chains have been caught between fast rising costs and softer than expected demand which may lead to a string of casualties over Christmas as shoppers face increases in their food and energy bills. Fashion retailers had been especially hard hit as they had also had to cope with warmer than normal temperatures. On the flip side, shoppers had flocked to town centres and retail parks after the pandemic eased. According to one retail director, the outfits that would do well were Primark, Aldi, Lidl and probably Next. - Financial Mail on Sunday

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: Post Office, Spirit AeroSystems, Flutter
(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
Tuesday newspaper round-up: Bluesky, British Steel, FRC
(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
Monday newspaper round-up: Hospitality, wind generation, Vertical Aerospace
(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
Friday newspaper round-up: AI, Bentley, News Corp
(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.

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.