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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: Ineos, EG Group, Hill Group

Fri 03 Jul 2026 07:21

(Sharecast News) - The boss of Currys has said supplies of air conditioning and fans are "tight" ahead of another UK heatwave, expected next week, after a boom in sales sent retailers scrambling to source new stock. Alex Baldock, chief executive of the electrical goods retailer, said cooling kit had been "flying off the shelves" during June's record heat in England. Sales of fans were up nearly 3,000% over the most recent heatwave weekend compared with a week earlier, while air conditioning sales increased 330%. - Guardian Ryanair has warned of "queue chaos" this summer at EU airports because of new fingerprint checks, as the European Commission invited the air industry to an urgent meeting next Tuesday to discuss concerns over the new entry and exit system. The airline, Europe's largest, said passengers going on well-deserved breaks this summer should not be used as "guinea pigs" for a "half-baked" system. - Guardian

Chemicals giant Ineos has accused its US rivals of dumping cheap plastic into the UK market, putting tens of thousands of British jobs at risk. Ineos, owned by billionaire Sir Jim Ratcliffe, said that since US chemicals suppliers began lowering their prices in 2023, Britain's imports had doubled. US market share of Britain's plastics market jumped from about 16pc to as much as 40pc. - Telegraph

The billionaire Issa brothers have filed for a New York stock market flotation of their petrol station empire in a deal that could value the business at about $9bn (£6.6bn). Cumberland Farms, formerly known as EG Group, said it had confidentially submitted paperwork to the US Securities and Exchange Commission for a public listing. - Telegraph

Britain needs to build better-quality flats to help kickstart the housing market, the boss of one of the country's biggest developers has said. Andy Hill, founder and chief executive of the Essex-based Hill Group, said the industry needed to do a better job of building flats and demonstrate to first-time buyers that they are good "stepping stones" as they work their way up the property ladder. - The Times

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Thu 02 Jul 2026 07:10
Thursday newspaper round-up: EU car industry, Getty Images-Shutterstock, United Utilities
(Sharecast News) - The EU's car industry has called for the UK to be fully included in new "made in Europe" rules that threaten to shut out British manufacturers from their biggest export market. The European Automobile Manufacturers Association (Acea) on Wednesday urged Brussels to give the UK, Turkey and Morocco "justified, targeted exemptions" to the rules, which will require cars and parts to be made within the EU to qualify for subsidies or public procurement. - Guardian
Wed 01 Jul 2026 07:17
Wednesday newspaper round-up: Fuel poverty, Asda, BoE
(Sharecast News) - Millions of households in Great Britain will be pushed into fuel poverty after months of volatility on the global gas markets as energy bills rise by more than £220 a year under the government's price cap from Wednesday. As the cap on gas and electricity rates rises to the equivalent of £1,862 a year, the number of households forced to spend more than 10% of their income on energy bills will increase to 13.5m from almost 11.3m in April, according to fuel poverty campaigners. - Guardian
Tue 30 Jun 2026 07:18
Tuesday newspaper round-up: Brompton, TG Jones, housebuilders
(Sharecast News) - The French sports gear retailer Decathlon and a Chinese investment group that was an early backer of Labubu soft toys have bought stakes in the British folding bike maker Brompton, as its boss said the cycling market was recovering from a slump in sales. Decathlon has acquired a 10% stake in the manufacturer while BA Capital has bought 5% in a deal understood to collectively be worth about £18m. - Guardian

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