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Thursday newspaper round-up: Energy bills, Tata Steel, NMC Health

(Sharecast News) - Household energy bills are to rise after prices on the UK's wholesale electricity market soared to a record high last month, furthering concerns about more families being pushed into fuel poverty this winter. The electricity market price passed the £100 a megawatt-hour mark last month for the first time since the market was formed in 1990, according to analysis by Imperial College London. - Guardian

The owner of Port Talbot steelworks crashed to a £347m annual loss as the pandemic hit demand, but insisted its finances are healthier after its parent, Tata, pumped in almost £1bn of equity. Losses at Tata Steel UK in the year to the end of March improved from £654m a year earlier but underlined the struggles of Britain's steel industry. - Guardian

Treasury civil servants will be allowed to permanently work from home for most of the week in a shift that threatens to undermine Rishi Sunak as he attempts to revive cities by pushing for office workers to return. Job adverts reveal that most of the department's staff will never have to come back to their desks full time, and will be free to stay at home for two or three weekdays. - Telegraph

More than half of American businesses are planning or considering requirements relating to the Covid jab by the end of the year, more than double the 21 per cent of companies that have some form of mandate at present. Options vary from a strict order for all employees to be vaccinated to limiting access to certain areas such as cafeterias to inoculated workers, according to Willis Towers Watson. - The Times

Creditors of NMC Health, the former FTSE 100 private healthcare group embroiled in a "massive" fraud scandal, have approved a restructuring that will allow 34 group companies to exit administration in Abu Dhabi and to continue to operate the core business. In a vote in the United Arab Emirates yesterday, creditors gave "overwhelming" support for an effective debt-for-equity swap called a deeds of company arrangement. - The Times

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(Sharecast News) - The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin's invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had "voluntarily paused exports" to Russia. - Guardian
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(Sharecast News) - BT has said it is increasingly using artificial intelligence to help it detect and neutralise threats from hackers targeting business customers amid repeated attacks on companies. The £10.5bn group is aiming to build up its business protecting customers from online criminals and has patented technology that uses AI to analyse attack data to allow companies to protect their tech infrastructure. British businesses are routinely facing hacking attempts, and some recent high-profile victims have included including the outsourcer Capita, Royal Mail and British Airways. - 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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