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.

Tuesday newspaper round-up: Walmart, hospitality, Unaoil, Selfridges

(Sharecast News) - Major retailers are having to offload Christmas trees for £1 or less after shoppers shied away from UK high streets and retail centres in the last weekend before Christmas. B&Q has cut the price of its fresh trees - some costing £49 or more - to £1 or less at stores around the country. One shopper posted a picture on social media of trees priced as little as 10p in Abingdon, Oxfordshire. - Guardian Walmart illegally dumps more than 1 million batteries, aerosol cans of insect killer and other products, toxic cleaning supplies, electronic waste, latex paints and other hazardous waste into California landfills each year, state prosecutors have alleged. In a lawsuit announced on Monday, the California attorney general, Rob Bonta, accused the retail giant of failing to properly dispose of discarded or returned goods. - Guardian

City traders toasting another successful year would normally pile into pubs and bars on the weekend before Christmas. But this year the wood-panelled rooms in pubs across London fell silent as revellers stayed away - so much so, that some were forced to shut their doors. Clive Watson, chief executive of parent company City Pub Group, has closed venues that survive on business from office workers after the Government's encouragement to work from home triggered an exodus from the City. - Telegraph

The Serious Fraud Office is facing another battle to defend its reputation after judges condemned the agency's prosecution of several former oil industry executives. Lawyers for Paul Bond, one of four men jailed in the Unaoil case, are poised to appeal against the 69-year-old's conviction. A similar verdict against Ziad Akle was quashed earlier this month. - Telegraph

A £4 billion takeover of Selfridges by Central Group, of Thailand, and Signa Group, of Austria, is close to being announced, The Times has learnt. A sale of the department stores group by the Canadian Weston family could be announced as early as this week as both sides try to seal a deal before the new year. - The Times

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Panama Canal, Warhammer, Thames Water
(Sharecast News) - Donald Trump is asking that the Panama Canal be returned to the US unless Panama addresses his criticism of how the waterway is managed. In a post on social media platform Truth Social, Trump described the current arrangement as a complete 'rip-off' which will "immediately stop". He also warned against that the key interoceanic route would not be allowed to fall into the "wrong hands". He also appeared to caution against possible Chinese influence in the canal. - Guardian
Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Thursday newspaper round-up: Water bills, Brexit, Imperial Brands
(Sharecast News) - Households in England and Wales will see their water bills rise by an average of £31 a year, as suppliers pay to fix leaky pipes and cut pollution. The industry regulator Ofwat said on Thursday it would allow companies to raise average bills will rise by £157 over five years to an average of £597 by 2030 to help pay for investment. - 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.