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Friday newspaper round-up: Energy bills, ticket touting, BlackRock

(Sharecast News) - The number of people in England and Wales who sought help with energy bills jumped by 20% last year, according to Citizens Advice, which assisted 60,000 households struggling with the soaring cost of gas and electricity. That number was double the figure for 2020, the national consumer advice charity said, with problems with billing being the single most common type of issue raised with its service providers. - Guardian The price at which tickets for live events can be resold is to be capped under "gamechanging" proposals put forward by the government to crack down on touting in the sector. In a move hailed by music industry figures, the culture minister, Lisa Nandy, has launched a consultation that she said would end the "misery" of fans being exploited by touts, some of whom have made huge profits by selling hundreds of tickets a year. - Guardian

More than 100 earthquakes that damaged households across Surrey were likely caused by fracking, according to a landmark study by the University College London (UCL). As part of their findings, researchers suggested that oil extraction from a Surrey well led to powerful tremors across various villages in 2018-19, including Newdigate and Charlwood - which lie just four miles from Gatwick Airport. - Telegraph

BlackRock, the world's biggest asset manager, is abandoning an influential net-zero alliance after coming under pressure from Republican politicians over its support for "woke" climate policies. The New York-headquartered firm, which manages $11.5 trillion of assets, said it would leave the Net Zero Asset Managers initiative. Members of the group pledge to support the goal of net-zero greenhouse gas emissions by 2050, including by using their votes on behalf of shareholders at corporate meetings. - The Times

The increase in employers' national insurance contributions will result in an overall slowing of wage growth in the long run, a deputy governor of the Bank of England has said. Sarah Breeden, who is in charge of financial stability at the Bank, said she no longer feared a resurgence in consumer price inflation this year as the economy has slowed, the labour market has cooled and government tax changes to NICs could push down on earnings growth. - The Times

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Thursday newspaper round-up: South East Water, Asda, The Arts Club
(Sharecast News) - South East Water could lose its operating licence after residents across Kent and Sussex faced up to a week without water. The environment secretary, Emma Reynolds, has called for the regulator to review the company's operating licence. If it were to lose it, the company would fall into a special administration regime until a new buyer was found. If the regulator, Ofwat, decides the company has breached its licence but decides not to revoke it, penalties include a fine of 10% of the company's annual turnover. Ofwat in 2024 decided Thames Water was in breach of its licence but decided to avoid forcing it into special measures and instead insisted on a turnaround plan. - Guardian
Wednesday newspaper round-up: Railways, BBC, Grok
(Sharecast News) - Leading US investors and private equity firms could step up their foray into UK new-build housing after Donald Trump's move to ban institutional companies from buying single-family homes in the US, raising concerns that investors could "cut corners and increase rents". The US president said last week that he would ask Congress to codify the measure as he tries to address concerns that families are struggling to buy or rent a home. The median property sale price was $410,800 (£305,000) last year, according to the US Census Bureau. - Guardian
Tuesday newspaper round-up: Russia, Trump, Black Hawk helicopters
(Sharecast News) - Russia is already working to circumvent the latest US sanctions to ensure India can continue to import high levels of cheap Russian crude oil, according to industry analysts. Since the outbreak of the Ukraine war, India has become the world's second largest purchaser of Russian crude oil, which has been heavily discounted due to the impact of western sanctions. US-India relations have plummeted in recent months as Donald Trump has attempted to coerce India into halting its reliance on cheap Russian oil, accusing it of bankrolling Vladimir Putin's war in Ukraine. - Guardian
Tuesday newspaper round-up: Russia, Trump, Black Hawk helicopters
(Sharecast News) - Russia is already working to circumvent the latest US sanctions to ensure India can continue to import high levels of cheap Russian crude oil, according to industry analysts. Since the outbreak of the Ukraine war, India has become the world's second largest purchaser of Russian crude oil, which has been heavily discounted due to the impact of western sanctions. US-India relations have plummeted in recent months as Donald Trump has attempted to coerce India into halting its reliance on cheap Russian oil, accusing it of bankrolling Vladimir Putin's war in Ukraine. - 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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