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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.

Tuesday newspaper round-up: Energy bills, ULEZ, Aveva

(Sharecast News) - Jeremy Hunt is facing calls for a "social energy tariff" providing cheaper gas and electricity for low income households to be introduced when government support ends next year. In an open letter to the chancellor, 95 charities and non-profit organisations have urged the government to move quickly to legislate for a change in energy bills for "those in greatest need to ensure they are able to live in their homes comfortably". - Guardian Britain risks losing vital investment if it keeps raising taxes and undermining its reputation as a stable place to do business, global bosses have warned. PwC's annual poll of more than 4,000 chief executives showed the UK climbed one place this year to become the third most important country globally for growth, alongside Germany. - Telegraph

Sadiq Khan has been accused of manipulating a public consultation on expanding London's Ultra-low emission zone (Ulez) after it emerged that more than 5,000 votes were excluded. Emails reveal the Mayor's officials removed thousands of votes submitted to a consultation on whether to expand Ulez across the whole of London. The crackdown on motorists is costing drivers in the capital an additional £385,000 a day in charges, according to RAC. - Telegraph

The boss of Aveva has reiterated that the FTSE 100 technology company will remain autonomous as its controversial £10 billion takeover by France's Schneider Electric was formally sealed. Peter Herweck, chief executive of Aveva, said that the company would continue to work with a variety of partners and control systems. "It is a clear agreement that we have done. We've been very, very clear about it. We will be agnostic," he said. - The Times

The global airline industry will be back at prepandemic levels by the middle of this year. That is the bullish assessment of Avolon, one of the world's largest aircraft leasing companies. The forecast is the most optimistic estimate yet for a recovery in the industry from the Covid-19 travel restrictions of 2020 to 2022. - The Times

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Friday newspaper round-up: Bank branches, mortgages, Northern Rock
(Sharecast News) - The number of UK bank branches that have shut their doors for good over the last nine years will pass 6,000 on Friday, and by the end of the year the pace of closures may leave 33 parliamentary constituencies - including two in London - without a single branch. The tally is being published by the consumer group Which? as it seeks to make the "avalanche" of closures and the "disastrous" impact they can have on local communities an election battleground. - Guardian
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

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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