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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.

Friday newspaper round-up: Thames Water, NatWest, Metro Bank

(Sharecast News) - Thames Water has pumped at least 72bn litres of sewage into the River Thames since 2020 - roughly equal to 29,000 Olympic swimming pools - new figures reveal. Water firms have no legal obligation to report the amount of sewage discharged, only the number of hours that it was released. But campaigners argue this data is insufficient as this does not properly quantify how much sewage is in England's rivers. - Guardian Vehicle breakdowns caused by Britain's pothole-ridden roads reached record levels this year, according to the RAC. The motoring organisation said it received almost 6,000 calls for pothole-related incidents from July to September - its highest total for the relatively benign summer period since it started collecting data in 2006. - Guardian

NatWest is preparing to block the majority of Dame Alison Rose's £10m-plus exit payout over her role in the Nigel Farage debanking scandal, according to reports. The board of the bank has decided to dock the exit package of NatWest's former chief executive and confirmation was expected as soon as Friday morning, according to Sky News. - Telegraph

Shell is suing Greenpeace for $2.1 million after activists from the environmental group occupied one of its vessels to protest against its North Sea oil drilling plans. The oil major claimed that it had incurred significant costs after six Greenpeace activists boarded a ship carrying a floating production, storage and offloading vessel in January as it was en route to a shipyard in Norway. The activists occupied the vessel, which is ultimately intended for use at the Penguins field in the UK North Sea, for 13 days. - The Times

Shareholders in Metro Bank have been warned that the lender risks being put into resolution by the Bank of England if they do not support a £925 million rescue package at a vote this month. Metro said on Thursday that it would hold a meeting on November 27 to secure shareholder approval for the emergency funding deal it struck last month. - The Times

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Thursday newspaper round-up: Sony Music, Royal Mail, house prices
(Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - Guardian
Wednesday newspaper round-up: Ryan Salame, Ocado, Shell
(Sharecast News) - The next government should force all tradespeople who install home heat pumps, solar panels and insulation to sign up to a mandatory accreditation scheme to counter mistrust in the industry, a leading consumer group is demanding. A report from Which? found that households face "significant anxiety" in choosing tradespeople to fit low-carbon heating systems, such as heat pumps, and insulation after "press stories about poor work and rogue traders". - Guardian
Tuesday newspaper round-up: Ofwat, Facebook, Deutsche Bank
(Sharecast News) - Ofwat is poised to refuse most water companies' requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned. The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector. - Guardian
Sunday newspaper round-up: Natwest, Shein, Nationwide
(Sharecast News) - NatWest may not be selling shares to the public any time soon following the prime minister's decision to call an election on 4 July. The Treasury has said that an offer will not occur during the election period and Labour has not confirmed whether it would revive plans for the sale should it win. The sale had been expected to take place in June. - The Sunday Times

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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