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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.

Thursday newspaper round-up: Fuel poverty, strikes, Lloyds Banking

(Sharecast News) - More than 7 million people who no longer qualify for energy support from next spring face years in fuel poverty if average heat and light bills remain at £3,000, according to a report calling for more targeted help. In his November budget the chancellor, Jeremy Hunt, announced that the government's energy price guarantee (EPG) would rise from April to £3,000 a year for the typical home, and the £400 help paid to all households this winter - regardless of income - would not be repeated. - Guardian Britain is to be disrupted by strikes every day until Christmas as trade unions seek to bring the country to a halt in a new winter of discontent. Rail workers, including staff at Eurostar, nurses, teachers, security guards handling cash, driving examiners and rural payments officers are planning industrial action that will affect every day over advent. - Telegraph

Google has been hit with a £13.6bn lawsuit over claims the tech giant's stranglehold on the online advertising market has deprived publishers of revenue. The class action lawsuit, filed in the Competition Appeals Tribunal on Wednesday, claims that Google raked in "super profits" at the expense of hundreds of thousands of websites and mobile apps in the UK. - Telegraph

Italian oil major Eni is in early stage talks to buy Sam Laidlaw's Neptune Energy for up to $6 billion. Preliminary talks are under way but no formal offer has been made, a source said, confirming a report by Reuters. - The Times

Lloyds Banking Group's £52 billion staff pension fund was forced into fire sales of equities and faced collateral calls of billions of pounds at the height of the gilts market crisis, according to unusual evidence tabled in parliament. Henry Tapper, a pensions expert who gave evidence to the work and pensions committee last week, made a written disclosure in which he referred to his partner, Stella Eastwood, who is head of group pensions at Lloyds. - The Times

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(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
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(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
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(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
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(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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