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.

Monday newspaper round-up: Train strikes, fuel poverty, Evergrande

(Sharecast News) - Train drivers will keep striking to "raise the profile" of their dispute after half a decade without a pay rise, the Aslef union has warned, before another week of rolling strikes across England. Aslef's general secretary, Mick Whelan, has said he believes that the government will make renewed efforts to see train companies use controversial new anti-strike laws, despite the union forcing a climbdown this time round. - Guardian Millions of households will still be living in fuel poverty by the end of the decade, and could be forced to pay almost £500 a year extra on their bills because of the government's slow progress on meeting its home energy efficiency targets, according to a study. A fuel poverty charity has found that 3m households in England are expected to remain in fuel poverty by 2030 because the government is expected to miss a legally binding target on upgrading the energy efficiency of homes "by a staggering margin". - Guardian

A Hong Kong court on Monday issued the liquidation of battered Chinese property giant Evergrande after lawyers failed to convince a judge it had a working restructuring plan. Once China's biggest developer, Evergrande has reported more than $300 billion in liabilities and its troubles have become a symbol of a years-long property crisis that has dealt a massive blow to the country's economy. A creditor in 2022 filed a winding-up petition in Hong Kong against China Evergrande Group - which would begin the process of liquidation - but the case has dragged on while parties tried to broker a deal. - Telegraph

The share of listed UK companies warning investors that profits will miss expectations has surpassed a peak reached during the 2008 financial ­crisis, research shows. Some 18.2 per cent of listed companies issued a profit warning last year, above the 17.7 per cent peak of 2008, as higher interest rates and ­fragile ­demand weighed on corporate balance sheets, according to EY-Parthenon, the consultancy service. - The Times

The businessman seeking to turn around Britishvolt, the collapsed battery start-up, has been arrested and charged in the United States over allegations of assault and harassment. David Collard, 39, founder of Recharge Industries and a former partner at PwC, is facing the charges after an alleged incident on Madison Avenue in New York at about 1.30am on November 15. - The Times

Share this article

Related Sharecast Articles

Thursday newspaper round-up: JCB, M&S, smart meters
(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
Wednesday newspaper round-up: Brexit border outages, Boeing, Stellantis
(Sharecast News) - Lorries carrying perishable food and plants from the EU are being held for up to 20 hours at the UK's busiest Brexit border post as failures with the government's IT systems delay imports entering Britain. Businesses have described the government's new border control checks as a "disaster" after IT outages led to lorries carrying meat, cheese and cut flowers being held for long periods, reducing the shelf life of their goods and prompting retailers to reject some orders. - Guardian
Tuesday newspaper round-up: Tesco, OpenAI, housebuilding
(Sharecast News) - Tesco is facing criticism from "shocked" charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening. The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their best before date, only in the evening when a store is closing rather than the following morning, the charities have claimed. - Guardian
Monday newspaper round-up: BT, ultra-long mortgages, Fever-Tree
(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.

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.