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: Petrol prices, Amazon, DeepMind

(Sharecast News) - Nearly two-thirds of UK manufacturers expect to raise their prices in the run-up to Christmas after being hit by mounting cost pressures, a leading employers' group has said. The British Chambers of Commerce said inflation expectations had risen to their highest since its records began at the end of the 1980s, with 62% of industrial firms planning price hikes over the next three months. - Guardian Petrol prices could reach all-time highs before Christmas, the RAC warned, signalling "misery" for motorists still reeling from the fuel shortage crisis. Amid signs that the number of petrol forecourts running dry was easing, the drivers' organisation warned that anxiety about whether motorists could fill up their tanks was likely to be replaced by concern about how much it would cost. - Guardian

Vladimir Putin has blamed the shift to renewable energy for causing "hysteria and confusion" in European markets as gas prices surged to new record highs. The Russian president claimed that the power crisis gripping the West is being driven by an "unbalanced" and "drastic" move away from fossil fuels, amid efforts by the Kremlin to downplay suggestions that it has sent prices surging by restricting the supply of gas. - Telegraph

Amazon has opened a new bricks and mortar concept store selling electronics, books, toys and kitchenware in a fresh assault on physical rivals such as John Lewis and Curry's. Called 4-star, the shop stocks about 2,000 of the company's highest-rated and most popular products and is located in Bluewater, a shopping centre just outside of London. - Telegraph

Google's London-based artificial intelligence lab has moved into the black for the first time after the Silicon Valley giant used more of its discoveries in its commercial products. DeepMind's maiden annual profit draws a line under many years of heavy losses and suggests that its parent is starting to generate significant revenue from its intellectual property. - The Times

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.