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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: House sales, fuel prices, The Telegraph

(Sharecast News) - House sales are expected to accelerate over the next four months as buyers seek to benefit from tax breaks that are due to run out in April 2025, according to the online property website Zoopla. The number of home sales increased across the UK this year, pushing up prices by 1.5% in the year to October. Next year prices are expected to rise by 2.5% and transactions will jump by 5%, the website said. - Guardian UK motorists are paying more than they should for petrol and diesel even as global energy market prices have fallen in recent months, the competition watchdog has warned. The Competition and Markets Authority (CMA) repeated its call for the new government to take action "as soon as possible" to end the "persistent" overcharging, six months after it found that motorists paid £1.6bn more than they should have last year alone. - Guardian

The UK's gambling regulator is preparing to settle a £200m claim for damages brought by media baron Richard Desmond over the running of the National Lottery. The Telegraph understands that the Gambling Commission has requested a so-called mediation meeting with Mr Desmond's business, Northern and Shell, at which it will propose settling the legal claim out of court. The showdown is expected to take place in the coming weeks. - Telegraph

The sale of The Telegraph has been thrown into limbo after the leading bidder was handed an effective open-ended extension to takeover talks. Dovid Efune, the little-known publisher behind The New York Sun, is in exclusive discussions to buy The Telegraph from Abu Dhabi fund RedBird IMI in a deal expected to be worth £550m. - Telegraph

George Osborne has boosted the personal fortune he has made since leaving politics after he was one of a trio of investment bankers that shared in a £30 million pot following record profits at the City firm where he works. Accounts for Robey Warshaw, the influential advisory business the former chancellor joined in 2021, show the Mayfair-based firm enjoyed profits of £70 million in the 12 months to the end of March, up sharply from £31.8 million a year earlier. - The Times

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Thursday newspaper round-up: Stamp duty, pensions, Tate galleries, Flutter
(Sharecast News) - Rachel Reeves has been urged to abolish the "sin tax" of stamp duty in the budget by property experts including TV presenter Kirstie Allsopp, as the chancellor faced calls to replace it with an annual property tax. Allsopp, presenter of Channel 4 property shows including Location, Location, Location, said "people are in a panic" about potential stamp duty changes, and "sitting tight" ahead of the 26 November budget. - Guardian
Wednesday newspaper round-up: Heathrow, InstaDeep, LNG
(Sharecast News) - Renewables will grow faster than any major energy source in the next decade, according to the world's energy watchdog, making the transition away from fossil fuels "inevitable", despite a green backlash in the US and parts of Europe. The world is expected to build more renewable energy projects in the next five years than has been rolled out over the last 40, according to the flagship annual report from the International Energy Agency (IEA). - Guardian
Tuesday newspaper round-up: Gambling tax, Warren Buffett, Legal & General
(Sharecast News) - The Gambling Commission has demanded a UK bookmaker hand over a trove of financial documents after the company accidentally disclosed information suggesting it may be running an illegal offshore betting operation. The Guardian understands that the company, which sponsors sporting events and boasts connections to high-profile figures in sport and politics, is the subject of early inquiries that could lead to a full-blown investigation. - Guardian
Monday newspaper round-up: Drax, Royal Mail, Ovo Energy
(Sharecast News) - Drax power plant has continued to burn 250-year-old trees sourced from some of Canada's oldest forests despite growing scrutiny of its sustainability claims, forestry experts say. A new report suggests it is "highly likely" that Britain's biggest power plant sourced some wood from ecologically valuable forests as recently as this summer. Drax, Britain's single biggest source of carbon emissions, has received billions of pounds in subsidies from burning biomass derived largely from wood. - 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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