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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: Elon Musk, Blackstone boss, Ardmore Construction

Fri 12 Jun 2026 07:12

(Sharecast News) - The World Cup will be the most lucrative sports event ITV has ever aired, the broadcaster has said, with bosses calling the tournament a "six-week summer Super Bowl moment" for TV advertising. The channel is airing 51 of the 104 matches across the men's tournament, co-hosted by the US, Mexico and Canada, which is the biggest yet after an expansion from 32 to 48 teams. - Guardian Elon Musk has called Zack Polanski a "scumbag and a traitor" after the Green Party leader called the world's richest man a "threat to our democracy". Mr Musk criticised Mr Polanski in a post on X after the politician accused the billionaire of supporting "violence and extremism". The Green leader said: "This man is a threat to our democracy. He backs violence and extremism. Blaming a group of people for the awful actions of an individual leads us to a very dark place. - Telegraph

Billionaire hedge fund tycoon Steve Schwarzman has bought one of the world's most expensive superyachts. The Blackstone boss has paid $400m (£300m) to become the new owner of a 332ft superyacht called Project 1014. Built in the Netherlands, the cutting-edge vessel comes equipped with its own helicopter pad, beach club and glass-bottomed pool. - Telegraph

The future of major building projects in London is in limbo after one of Britain's largest contractors moved to appoint administrators. Court records show that a notice of intention to appoint an administrator has been filed by Ardmore Construction Group. - The Times

Banks are racking up bills worth hundreds of millions from experiments with artificial intelligence tools, according to the boss of an Aim-listed tech company. Ben Faes, chief executive of RWS, said that businesses were becoming increasingly conscious of the costs involved, without a clear outcome on how it should be used. - The Times

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Thu 16 Jul 2026 07:16
Thursday newspaper round-up: SpaceX, Stonegate, Utmost
(Sharecast News) - Andy Burnham must avoid another "summer of speculation" on tax and spend that would spook British business, the chief executive of the CBI has warned. As Burnham prepares to take up the Labour leadership on Friday, with a new cabinet to be announced on Monday, Rain Newton-Smith urged him to tread carefully. - Guardian
Wed 15 Jul 2026 07:23
Wednesday newspaper round-up: Heating oil customers, benefit claimants, SoftBank chief
(Sharecast News) - Heating oil customers whose deliveries were cancelled when the war in the Middle East caused a price surge are to receive compensation of up to £350 each following an investigation by the UK competition watchdog. As the crisis unfolded, the Competition and Markets Authority (CMA) said it was investigating heating oil suppliers after complaints that existing orders were being scrapped, with customers offered new deliveries at a significantly higher price. - Guardian
Tue 14 Jul 2026 07:13
Tuesday newspaper round-up: North Sea oil, Anthropic, EV owners
(Sharecast News) - The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday. Tariffs - taxes on imported goods - have been a key part of president Donald Trump's game economic plan since he took office again last year. But in February, the supreme court shut down a big chunk of the extra tariffs Trump ordered, forcing the government to return money to the companies that had paid them. - Guardian
Mon 13 Jul 2026 07:13
Monday newspaper round-up: Pub sector, Eurostar, war bonds
(Sharecast News) - The beleaguered pub sector is getting a boost from England's World Cup run, with some landlords reporting roaring sales as anticipation builds for a bumper night on Wednesday for the semi-final clash with Argentina. Lisa Mayall, the manager of the British Oak in Kingswinford near Dudley in the West Midlands, was jubilant after England's 2-1 win against Norway on Saturday night and brisk takings at the pub's till. She expects hundreds more customers for the team's next game at 8pm BST. - Guardian

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