Skip Header
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: Sainsbury's, Glencore, LSE

(Sharecast News) - The Ministry of Defence has awarded £650m to manufacturers working on its Tempest fighter jet, in the latest sign that the UK is pushing forward with the aim of producing the aircraft by 2035. The companies who will receive the money are led by manufacturer BAE Systems, jet engine maker Rolls-Royce, and the UK arms of Italy's Leonardo and European missile-maker MBDA. - Guardian Sainsbury's has followed Tesco in cutting the price of milk by 5p a pint as supermarkets take advantage of a spring boost to production amid lacklustre demand. Tesco, the UK's biggest supermarket, cut the price of milk to 90p for a pint or £1.55 for four pints - a reduction of 10p - for the first time since 2020 this week. - Guardian

Britain's flagship heat pump scheme has been branded an "embarrassment" after badly missing its target of 30,000 annual installations and spending just 40pc of its budget. Fewer than 10,000 heat pumps were installed in the first year of the grant programme, which gives households money to pay for them as part of net zero efforts to wean Britain off gas. - Telegraph

Jeremy Hunt has warned that workers are not getting good enough returns from their pension investments and vowed to overhaul Britain's retirement regime. The Chancellor said that Britain's pension industry was in need of "big reform" and should follow the likes of Australia and Canada by allowing more money to be put into lucrative but potentially more risky assets such as infrastructure. - Telegraph

Glencore's $23 billion takeover tilt at Teck suffered further setbacks yesterday when it was rebuffed once more by its Canadian target and was criticised by a high-profile shareholder. Teck called Glencore's attempt to merge the two companies and spin off their combined coal assets "opportunistic and unrealistic". - The Times

A former investment banker and hedge fund manager have teamed up with the London Stock Exchange Group to launch a service enabling institutional clients to take leveraged bets on bitcoin. Arnab Sen, 44, co-founder of London-based GFO-X, revealed plans yesterday to go live in the fourth quarter of this year, announcing that the LSEG's LCH clearing house operation in Paris had been signed up to clear the derivatives trades. - The Times

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Hargreaves Lansdown, Crest Nicholson, Michael Kors
(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
Sunday share tips: Oxford Instruments
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
Friday newspaper round-up: Insecure work, Stellantis, Nationwide
(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian
Thursday newspaper round-up: Revolut, BT Group, housing market
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.